Granite Construction Incorporated (GVA)
Summary
Granite Construction: More EBITDA, Less Multiple, Still A Buy
Granite Construction remains a Buy with a revised FY27 price target of $159, reflecting faster-than-expected EBITDA growth driven by Construction, not Materials. GVA's FY26 EBITDA guidance of $689M surpasses prior FY28 estimates, with the Construction segment organic growth at 15.3% and a robust $7.4B backlog supporting near-term revenue. I apply a 10.3x EV/EBITDA multiple, reflecting contractor comps and margin improvement above 10%, while maintaining conservative margin assumptions below company guidance.
Wall Street Analysts See a 30.86% Upside in Granite Construction (GVA): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 30.9% in Granite Construction (GVA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wall Street Analysts Think Granite Construction (GVA) Could Surge 28.8%: Read This Before Placing a Bet
The mean of analysts' price targets for Granite Construction (GVA) points to a 28.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Granite Construction Incorporated Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 640 | $47,620.09 | $68,947.2 | $21,327.11 | 44.79% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 20,861 | $3.03M | $2.25M | -$781,244.24 | -25.8% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 84 | $12,139.99 | $9,049.32 | -$3,090.67 | -25.46% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 13,872 | $1.11M | $1.48M | $372,472.4 | 33.5% |
| RW Riley Wancket HANTZ FINANCIAL SERVICES Inc. | 940 | $105,954.54 | $103,118 | -$2,836.54 | -2.68% |
Granite Construction Incorporated Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AB Adam Bubes Goldman Sachs | -1,921.75 | $241,333.82 | $209,586.45 | $31,747.37 | 13.15% |
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Granite Construction Incorporated Profile
| Construction & Engineering Industry | Industrials Sector | Kyle T. Larkin CEO | NYSE Exchange | 387328107 CUSIP |
| US Country | 2,500 Employees | 30 Sep 2026 Last Dividend | 16 Apr 2001 Last Split | 20 Apr 1990 IPO Date |
Overview
Established in 1922 and based in Watsonville, California, Granite Construction Incorporated stands as a foremost infrastructure contractor within the United States. The company is divided into two primary segments: Construction and Materials, each focusing on distinct yet complementary aspects of the construction industry. The Construction segment is dedicated to the building and rehabilitation of a variety of infrastructure projects including roads, bridges, rail lines, airports, marine ports, and water-related structures for public and commercial use. This arm of the company also engages in complex project constructions like tunnels, solar storage, and power-related projects. On the other hand, the Materials segment plays a crucial role in producing essential materials such as aggregates, asphalt concrete, liquid asphalt, and recycled materials. These materials are not only used internally for the company’s construction projects but are also sold to third parties, showcasing the company's integral role in the supply chain of construction materials. Granite Construction's widespread service offering caters to a broad clientele ranging from federal and state agencies to local transit authorities and private owners, illustrating its pivotal position in advancing infrastructure development across various sectors.
Products and Services
- Construction of Infrastructure Projects
- Water-Related Construction
- Complex Project Construction
- Materials Production
- Site Preparation and Mining Services
- Construction Management Professional Services
This service includes the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, and other infrastructure projects. Granite Construction leverages its extensive experience to undertake public and private sector projects, delivering high-quality infrastructure vital for economic development and community welfare.
Granite Construction offers specialized construction services for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. These projects encompass water-related construction such as dams, reservoirs, and aqueducts, ensuring sustainable water management and supply solutions.
The company undertakes the construction of complex projects including infrastructure/site development, mining, public safety, tunnels, solar storage, and power-related projects. By addressing the intricate demands of such projects, Granite Construction showcases its capability to deliver technically challenging and critical infrastructure developments.
Granite Construction's Materials segment is responsible for producing aggregates, asphalt concrete, liquid asphalt, and recycled materials. These products are essential for the internal needs of construction projects and are also available for sale to third parties, underlining the company’s role as a key materials supplier in the construction industry.
The company provides site preparation, mining, and infrastructure services for various projects including residential development, energy development, and commercial and industrial sites. These services ensure the readiness of sites for subsequent construction activities, highlighting Granite Construction’s versatility in handling projects from inception to completion.
Offering construction management professional services, Granite Construction assists clients in overseeing the planning, design, and construction of a project from start to finish. This service ensures that projects are completed on time, within budget, and to the required quality standards, adding a layer of project oversight and expertise.
Contact Information
