Granite Construction Incorporated

Company Profile

Granite Construction Incorporated had its IPO on 1990-04-20 under the ticker symbol GVA.

The company operates in the Industrials sector and Engineering & Construction industry. Granite Construction Incorporated has a staff strength of 2,000 employees.

Stock update

Shares of Granite Construction Incorporated opened at $39.66 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $39.06 - $39.85, and closed at $39.15.

This is a -0.91% slip from the previous day's closing price.

A total volume of 153,005 shares were traded at the close of the day’s session.

In the last one week, shares of Granite Construction Incorporated have slipped by -7.58%.

Granite Construction Incorporated's Key Ratios

Granite Construction Incorporated has a market cap of $1.74 billion, indicating a price to book ratio of 1.6428 and a price to sales ratio of 0.5451.

In the last 12-months Granite Construction Incorporated’s revenue was $3.26 billion with a gross profit of $369.49 million and an EBITDA of $144.84 million. The EBITDA ratio measures Granite Construction Incorporated's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Granite Construction Incorporated’s operating margin was 1.63% while its return on assets stood at 1.42% with a return of equity of 3.74%.

In Q2, Granite Construction Incorporated’s quarterly earnings growth was a positive 97.7% while revenue growth was a positive 5.8%.

Granite Construction Incorporated’s PE and PEG Ratio

Forward PE

11.3122

Trailing PE

40.732

PEG

5.56

Its diluted EPS in the last 12-months stands at $0.97 per share while it has a forward price to earnings multiple of 11.3122 and a PEG multiple of 5.56. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Granite Construction Incorporated’s profitability.

Granite Construction Incorporated stock is trading at a EV to sales ratio of 0.4956 and a EV to EBITDA ratio of 9.6756. Its price to sales ratio in the trailing 12-months stood at 0.5451.

Granite Construction Incorporated stock pays annual dividends of $0.52 per share, indicating a yield of 1.31% and a payout ratio of 20.08%.

Balance sheet and cash flow metrics

Total Assets

$2.38 billion

Total Liabilities

$867.23 million

Operating Cash Flow

$-40042000.00

Capital Expenditure

$39.23 million

Dividend Payout Ratio

20.08%

Granite Construction Incorporated ended 2024 with $2.38 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.38 billion while shareholder equity stood at $901.54 million.

Granite Construction Incorporated ended 2024 with $4.57 million in deferred long-term liabilities, $867.23 million in other current liabilities, 439000.00 in common stock, $429.80 million in retained earnings and $78.60 million in goodwill. Its cash balance stood at $214.45 million and cash and short-term investments were $427.52 million. The company’s total short-term debt was $1,466,000 while long-term debt stood at $458.69 million.

Granite Construction Incorporated’s total current assets stands at $1.49 billion while long-term investments were $98.19 million and short-term investments were $213.07 million. Its net receivables were $925.15 million compared to accounts payable of $382.46 million and inventory worth $92.15 million.

In 2024, Granite Construction Incorporated's operating cash flow was $-40042000.00 while its capital expenditure stood at $39.23 million.

Comparatively, Granite Construction Incorporated paid $0.20 in dividends in 2024.

Other key metrics

Current Trading Price

$39.15

52-Week High

$43.92

52-Week Low

$25.0922

Analyst Target Price

$51.4

Granite Construction Incorporated stock is currently trading at $39.15 per share. It touched a 52-week high of $43.92 and a 52-week low of $43.92. Analysts tracking the stock have a 12-month average target price of $51.4.

Its 50-day moving average was $41.24 and 200-day moving average was $39.23 The short ratio stood at 11.88 indicating a short percent outstanding of 0%.

Around 67.3% of the company’s stock are held by insiders while 10772.4% are held by institutions.