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GVA 
Granite Construction Incorporated (GVA)
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Upturn Advisory Summary
06/30/2025: GVA (4-star) is a STRONG-BUY. BUY since 40 days. Profits (15.39%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
3 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $101.75
1 Year Target Price $101.75
| 2 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 65.21% | Avg. Invested days 60 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.09B USD | Price to earnings Ratio 36.67 | 1Y Target Price 101.75 |
Price to earnings Ratio 36.67 | 1Y Target Price 101.75 | ||
Volume (30-day avg) 3 | Beta 1.34 | 52 Weeks Range 57.87 - 104.72 | Updated Date 06/30/2025 |
52 Weeks Range 57.87 - 104.72 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 0.56% | Basic EPS (TTM) 2.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.07% | Operating Margin (TTM) -5.93% |
Management Effectiveness
Return on Assets (TTM) 4.64% | Return on Equity (TTM) 13.86% |
Valuation
Trailing PE 36.67 | Forward PE 18.35 | Enterprise Value 4326593950 | Price to Sales(TTM) 1.01 |
Enterprise Value 4326593950 | Price to Sales(TTM) 1.01 | ||
Enterprise Value to Revenue 1.07 | Enterprise Value to EBITDA 12.31 | Shares Outstanding 43737800 | Shares Floating 43395377 |
Shares Outstanding 43737800 | Shares Floating 43395377 | ||
Percent Insiders 1.1 | Percent Institutions 117.64 |
Analyst Ratings
Rating 2 | Target Price 101.75 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold - | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Granite Construction Incorporated
Company Overview
History and Background
Granite Construction Incorporated was founded in 1922. Initially focused on quarrying, it expanded into heavy civil construction and infrastructure projects, growing through organic expansion and strategic acquisitions.
Core Business Areas
- California: Focuses on a wide range of construction services including highway, bridge, mass transit, rail, airport and dam construction. It is generally considered the highest-margin and lowest-risk type of civil construction.
- Other: The second largest sector. Generally, focuses on infrastructure projects beyond California, including design-build, construction management, and construction services.
- Specialty: Focuses on complex projects such as tunneling, underground construction, and rehabilitation projects that demand unique expertise.
Leadership and Structure
Kyle Larkin is the current President and Chief Executive Officer. The organizational structure is based on regional operations and functional departments, including finance, operations, and business development. The company has a board of directors that oversees the management.
Top Products and Market Share
Key Offerings
- Highways and Roads Construction: Construction, rehabilitation, and maintenance of highways and roads. Market share data is difficult to pinpoint to a specific company due to the fragmented nature of the construction industry and project-based revenues, but generally is competitive with numerous local, regional, and national players. Competitors include companies such as Fluor (FLR) and Bechtel, along with smaller regional construction firms. Revenue from this product varies annually based on project awards.
- Bridges and Structures Construction: Construction of bridges, overpasses, and other complex structures. Similar to roads, specific market share is hard to define. Competitors include similar large-scale construction firms such as Kiewit and Skanska. Revenue fluctuates depending on specific awarded contracts.
- Infrastructure Development: Infrastructure projects including mass transit, rail, airport, and water/wastewater treatment facilities. Market share is fragmented, with competition coming from large engineering and construction firms as well as specialized contractors. Competitors include AECOM (ACM) and Jacobs Engineering Group (J). Revenue is project-dependent.
Market Dynamics
Industry Overview
The construction industry is characterized by cyclical demand, government infrastructure spending, and private sector development. It's affected by economic conditions, interest rates, and material costs.
Positioning
Granite Construction is a major player in the heavy civil construction industry, known for its expertise in complex projects and its geographic footprint across the US. Competitive advantages include strong project management capabilities and a reputation for quality.
Total Addressable Market (TAM)
The US construction market is estimated to be in the trillions of dollars annually, with the infrastructure segment being a significant portion. Granite Construction is positioned to capture a part of this TAM through its expertise and geographic presence.
Upturn SWOT Analysis
Strengths
- Strong reputation for project execution
- Extensive experience in complex infrastructure projects
- Geographic diversity across the US
- Solid backlog of projects
Weaknesses
- Exposure to cyclical industry demand
- Dependence on government funding for infrastructure projects
- Project delays and cost overruns can impact profitability
- Integration risks associated with acquisitions
Opportunities
- Increased government infrastructure spending
- Growing demand for sustainable infrastructure solutions
- Expansion into new geographic markets
- Acquisition of complementary businesses
Threats
- Economic downturn and reduced infrastructure spending
- Increased competition from other construction firms
- Rising material costs and labor shortages
- Regulatory changes and environmental concerns
Competitors and Market Share
Key Competitors
- FLR
- J
- AECOM
Competitive Landscape
Granite Construction competes with other large engineering and construction firms. Its advantages include experience in complex projects and geographic diversity. Disadvantages include cyclical demand and reliance on government funding.
Major Acquisitions
Layne Christensen Company's Heavy Civil Construction Business
- Year: 2018
- Acquisition Price (USD millions): 55
- Strategic Rationale: Expanded Granite's presence in the heavy civil construction market.
Growth Trajectory and Initiatives
Historical Growth: Granite Construction's historical growth has been driven by infrastructure spending, project awards, and acquisitions.
Future Projections: Future growth projections depend on infrastructure spending and the company's ability to win new projects. Analyst estimates would be needed for specific projections.
Recent Initiatives: Recent strategic initiatives include pursuing larger, more complex projects, expanding into new geographic markets, and focusing on sustainable infrastructure solutions.
Summary
Granite Construction is a major player in the heavy civil construction industry with a strong reputation and geographic diversity. The company's success depends on infrastructure spending, its ability to win new projects, and effective project execution. Cyclical demand and reliance on government funding pose challenges. Focus on sustainable solutions and strategic acquisitions should allow for long term growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Company Website
- Various Financial News Sources
Disclaimers:
This analysis is based on available public information and does not constitute financial advice. Market conditions and company performance can change rapidly. Market share data is approximate due to the nature of the industry.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Granite Construction Incorporated
Exchange NYSE | Headquaters Watsonville, CA, United States | ||
IPO Launch date 1990-04-20 | President, CEO & Director Mr. Kyle T. Larkin | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 2300 | |
Full time employees 2300 | |||
Granite Construction Incorporated operates as an infrastructure contractor 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 and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure and site development, mining, public safety, tunnel, solar, battery storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for railways, residential development, energy development, and commercial and industrial sites; 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 incorporated in 1922 and is headquartered in Watsonville, California.
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