Is Granite Construction Stock a Good Investment?
Granite Construction Investment Advice | GVA |
- Examine Granite Construction's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Granite Construction's leadership team and their track record. Good management can help Granite Construction navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction & Engineering space and any emerging trends that could impact Granite Construction's business and its evolving consumer preferences.
- Compare Granite Construction's performance and market position to its competitors. Analyze how Granite Construction is positioned in terms of product offerings, innovation, and market share.
- Check if Granite Construction pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Granite Construction's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Granite Construction Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Granite Construction Incorporated is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Strong | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Granite Construction Stock
Researching Granite Construction's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The book value of Granite Construction was currently reported as 23.04. The company last dividend was issued on the 30th of September 2024. Granite Construction had 3:2 split on the 16th of April 2001.
To determine if Granite Construction is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Granite Construction's research are outlined below:
| Over 99.0% of the company shares are owned by institutional investors | |
| On 15th of October 2024 Granite Construction paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Zacks Industry Outlook Highlights EMCOR, MasTec, Granite Construction, Primoris and Great Lakes Dredge Dock |
Granite Construction Quarterly Good Will |
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Granite Construction uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Granite Construction Incorporated. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Granite Construction's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Granite Construction's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Granite Construction's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2001-05-09 | 2001-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2000-05-03 | 2000-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
1999-05-05 | 1999-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2003-05-07 | 2003-03-31 | -0.06 | -0.04 | 0.02 | 33 | ||
2002-05-08 | 2002-03-31 | -0.02 | -0.04 | -0.02 | 100 | ||
1998-02-18 | 1997-12-31 | 0.12 | 0.14 | 0.02 | 16 | ||
1995-02-16 | 1994-12-31 | 0.1 | 0.08 | -0.02 | 20 | ||
1997-05-08 | 1997-03-31 | 0.03 | 0.0059 | -0.0241 | 80 |
Know Granite Construction's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Granite Construction is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Granite Construction Incorporated backward and forwards among themselves. Granite Construction's institutional investor refers to the entity that pools money to purchase Granite Construction's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Hill City Capital, Lp | 2024-09-30 | 978.9 K | Hood River Capital Management Llc | 2024-09-30 | 841.1 K | Ack Asset Management Llc | 2024-09-30 | 825 K | Bank Of New York Mellon Corp | 2024-06-30 | 824.1 K | Bank Of Montreal | 2024-06-30 | 797.2 K | Bmo Capital Markets Corp. | 2024-06-30 | 797.2 K | First Trust Advisors L.p. | 2024-06-30 | 776.8 K | Fmr Inc | 2024-09-30 | 760.9 K | Charles Schwab Investment Management Inc | 2024-09-30 | 688 K | Blackrock Inc | 2024-06-30 | 7.1 M | Vanguard Group Inc | 2024-09-30 | 4.9 M |
Granite Construction's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.34 B.Market Cap |
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Granite Construction's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | 0.04 | 0.04 | |
| Return On Assets | 0.02 | 0.01 | |
| Return On Equity | 0.04 | 0.09 |
Determining Granite Construction's profitability involves analyzing its financial statements and using various financial metrics to determine if Granite Construction is a good buy. For example, gross profit margin measures Granite Construction's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Granite Construction's profitability and make more informed investment decisions.
Granite Construction's Earnings Breakdown by Geography
Please note, the presentation of Granite Construction's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Granite Construction's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Granite Construction's management manipulating its earnings.
Evaluate Granite Construction's management efficiency
Granite Construction has Return on Asset of 0.0267 % which means that on every $100 spent on assets, it made $0.0267 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1109 %, implying that it generated $0.1109 on every 100 dollars invested. Granite Construction's management efficiency ratios could be used to measure how well Granite Construction manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.09, whereas Return On Tangible Assets are forecasted to decline to 0.02. At present, Granite Construction's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 68.3 M, whereas Total Assets are forecasted to decline to about 1.4 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 23.40 | 11.95 | |
| Tangible Book Value Per Share | 17.20 | 11.56 | |
| Enterprise Value Over EBITDA | 17.17 | 18.03 | |
| Price Book Value Ratio | 2.28 | 2.05 | |
| Enterprise Value Multiple | 17.17 | 18.03 | |
| Price Fair Value | 2.28 | 2.05 | |
| Enterprise Value | 1.6 B | 1.7 B |
The leadership approach at Granite Construction's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Dividend Yield 0.0052 | Forward Dividend Yield 0.0052 | Forward Dividend Rate 0.52 | Beta 1.402 |
Basic technical analysis of Granite Stock
As of the 24th of November, Granite Construction retains the market risk adjusted performance of 0.4394, and Risk Adjusted Performance of 0.2799. Granite Construction technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Granite Construction's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Granite Construction insiders, such as employees or executives, is commonly permitted as long as it does not rely on Granite Construction's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Granite Construction insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Granite Construction's Outstanding Corporate Bonds
Granite Construction issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Granite Construction uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Granite bonds can be classified according to their maturity, which is the date when Granite Construction Incorporated has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View |
Understand Granite Construction's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Granite Construction's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.2799 | |||
| Market Risk Adjusted Performance | 0.4394 | |||
| Mean Deviation | 1.08 | |||
| Semi Deviation | 0.461 | |||
| Downside Deviation | 1.03 | |||
| Coefficient Of Variation | 278.56 | |||
| Standard Deviation | 1.41 | |||
| Variance | 2.0 | |||
| Information Ratio | 0.2665 | |||
| Jensen Alpha | 0.3577 | |||
| Total Risk Alpha | 0.2749 | |||
| Sortino Ratio | 0.3644 | |||
| Treynor Ratio | 0.4294 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 2.88 | |||
| Downside Variance | 1.07 | |||
| Semi Variance | 0.2125 | |||
| Expected Short fall | (1.37) | |||
| Skewness | 0.4695 | |||
| Kurtosis | 0.5418 |
| Risk Adjusted Performance | 0.2799 | |||
| Market Risk Adjusted Performance | 0.4394 | |||
| Mean Deviation | 1.08 | |||
| Semi Deviation | 0.461 | |||
| Downside Deviation | 1.03 | |||
| Coefficient Of Variation | 278.56 | |||
| Standard Deviation | 1.41 | |||
| Variance | 2.0 | |||
| Information Ratio | 0.2665 | |||
| Jensen Alpha | 0.3577 | |||
| Total Risk Alpha | 0.2749 | |||
| Sortino Ratio | 0.3644 | |||
| Treynor Ratio | 0.4294 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 2.88 | |||
| Downside Variance | 1.07 | |||
| Semi Variance | 0.2125 | |||
| Expected Short fall | (1.37) | |||
| Skewness | 0.4695 | |||
| Kurtosis | 0.5418 |
Consider Granite Construction's intraday indicators
Granite Construction intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Granite Construction stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Granite Construction Corporate Filings
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 8th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 26th of September 2024 Other Reports | ViewVerify |
Granite Stock media impact
Far too much social signal, news, headlines, and media speculation about Granite Construction that are available to investors today. That information is available publicly through Granite media outlets and privately through word of mouth or via Granite internal channels. However, regardless of the origin, that massive amount of Granite data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Granite Construction news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Granite Construction relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Granite Construction's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Granite Construction alpha.
Granite Construction Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Granite Construction can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Granite Construction Historical Investor Sentiment
Investor biases related to Granite Construction's public news can be used to forecast risks associated with an investment in Granite. The trend in average sentiment can be used to explain how an investor holding Granite can time the market purely based on public headlines and social activities around Granite Construction Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Granite Construction's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Granite Construction and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Granite Construction news discussions. The higher the estimate score, the more favorable the investor's outlook on Granite Construction.
Granite Construction Corporate Directors
| Celeste Mastin | Independent Director | Profile | |
| Jeffery Lyash | Independent Director | Profile | |
| David Darnell | Independent Director | Profile | |
| Patricia Galloway | Independent Director | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Construction. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.38 | Dividend Share 0.52 | Earnings Share 2.36 | Revenue Per Share 90.257 | Quarterly Revenue Growth 0.142 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Granite Construction's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.