Nothing is Better Than Granite Construction Inc. (GVA) stock at the moment

With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.68 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $80.54 whereas the lowest price it dropped to was $78.885. The 52-week range on GVA shows that it touched its highest point at $81.38 and its lowest point at $33.74 during that stretch. It currently has a 1-year price target of $76.50. With its current market cap of 3.50 billion, GVA has annualized dividend of $0.52 while the current yield stands at 0.65%. Beta for the stock currently stands at 1.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GVA was up-trending over the past week, with a rise of 0.55%, but this was up by 10.29% over a month. Three-month performance surged to 29.97% while six-month performance rose 42.29%. The stock gained 114.21% in the past year, while it has gained 57.65% so far this year. A look at the trailing 12-month EPS for GVA yields 1.56 with Next year EPS estimates of 5.07. For the next quarter, that number is 2.24. This implies an EPS growth rate of 262.54% for this year and 44.27% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 128.90%.

Float and Shares Shorts:

At present, 43.94 million GVA shares are outstanding with a float of 43.27 million shares on hand for trading. On 2024-09-13, short shares totaled 4.81 million, which was 1101.0 higher than short shares on 1723680000. In addition to Mr. Kyle T. Larkin as the firm’s President, CEO & Director, Ms. Staci M. Woolsey serves as its Executive VP, CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 1.11559 of GVA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, GVA reported revenue of $1082486000.0 and operating income of $84434000.0. The EBITDA in the recently reported quarter was $120724000.0 and diluted EPS was $0.76.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GVA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.