Is Granite Construction Incorporated a good investment?
Granite Construction Incorporated (GVA) is currently trading at 112.47 USD.
Market analysts have a consensus price target of 171.67 USD.
This suggests a potential upside from current levels.
In terms of valuation, the stock trades at a P/E ratio of 33.92.
This high multiple suggests investors have priced in significant future growth expectations.
Earnings Schedule:
Granite Construction Incorporated is expected to release its next earnings report on Nov. 5, 2026.
The market consensus estimate for Forward EPS is 8.06.
For income investors, Granite Construction Incorporated pays a dividend yield of 0.45%.
With a payout ratio of -14%, the dividend appears
sustainable.
Company Profile
Granite Construction Incorporated provides infrastructure solutions for public and private clients in the United States. It operates through 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 produces and delivers aggregates, asphalt concrete, liquid asphalt, and recycled materials for internal use in construction projects and sale to third parties. It also provides site preparation, mining, and infrastructure services for railways, residential development, energy development, and commercial and industrial sites; produces construction materials; and provides construction management professional services, as well as owns and leases aggregate reserves and processing plants. 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.
Community Discussion