Granite Construction (GVA) AI Stock Analysis

• Market Cap: $5.21B
• Dividend Yield: 0.45%
• Average Volume (3M): 753.05K
• Price to Earnings (P/E): 35.5
• Beta (1Y): 1.01
• Revenue Growth: 6.87%
• EPS Growth: 64.56%
• Country: US
• Employees: 2,300
• Sector: N/A
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 1.98
• Shares Outstanding: 43,649,807
• 10 Day Avg. Volume: 560,672
• 30 Day Avg. Volume: 753,049
• PEG Ratio: 0.16
• Price to Book (P/B): 3.79
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 12.02
• Enterprise Value/Market Cap: 1.32
• Enterprise Value/Revenue: 1.62
• Enterprise Value/Gross Profit: 9.90
• Enterprise Value/Ebitda: 14.75
• 1Y Price Target: $140.00
• Price Target Upside: 35.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $113.00 ▲(9.01% Upside)

Granite Construction's strong financial performance and positive earnings call guidance are significant strengths, contributing to a solid overall score. However, technical indicators suggest potential bearish momentum, and the stock's valuation appears high, which could limit upside potential.

Granite Construction Business Overview & Revenue Model

Company Description

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

How the Company Makes Money

Granite Construction generates revenue primarily through its contracting services, which include civil construction contracts for public and private sector clients. The company earns significant income from various projects such as roadway construction, bridge building, and water resource management. Revenue is also derived from the sale of construction materials, which is bolstered by the company's ownership of quarries and asphalt plants. Key revenue streams include long-term contracts with government agencies, which provide a steady flow of income, and project-specific contracts that can vary in size and duration. Additionally, Granite often engages in partnerships with other firms to bid on larger projects, allowing them to leverage combined resources and expertise. Factors contributing to the company's earnings include its reputation for quality and reliability, strategic bidding practices, and the overall demand for infrastructure development in the regions it serves.

Granite Construction Financial Statement Overview

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Gross Profit
EBITDA
Net Income
Balance Sheet
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Cash, Cash Equivalents and Short-Term Investments
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Granite Construction Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 103.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GVA, the sentiment is Positive. The current price of 103.66 is below the 20-day moving average (MA) of 116.95, below the 50-day MA of 109.17, and above the 200-day MA of 98.17, indicating a bullish trend. The MACD of 2.90 indicates Positive momentum. The RSI at 64.71 is Neutral, neither overbought nor oversold. The STOCH value of 69.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GVA.

Granite Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
MYRG	76 Outperform	$3.44B	35.83	16.22%	―	-0.64%	168.51%
PRIM	75 Outperform	$6.75B	25.68	18.56%	0.25%	21.45%	67.31%
AGX	73 Outperform	$4.36B	36.76	32.05%	0.49%	13.49%	77.73%
ECG	72 Outperform	$4.45B	24.64	35.26%	―	28.20%	24.27%
GVA	70 Outperform	$5.21B	35.54	16.87%	0.45%	6.87%	64.56%
TPC	65 Neutral	$3.70B	-129.27	-2.31%	0.09%	19.22%	78.83%