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How to buy Granite Construction Incorporated stock

Learn how to easily invest in Granite Construction Incorporated stock.

Granite Construction Incorporated is an engineering & construction business based in the US. Granite Construction Incorporated shares (GVA) are listed on the NYSE and all prices are listed in US Dollars. Granite Construction Incorporated employs 1,900 staff and has a trailing 12-month revenue of around $2.9 billion.

How to buy shares in Granite Construction Incorporated

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GVA – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
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Granite Construction Incorporated stock price (NYSE: GVA)

Use our graph to track the performance of GVA stocks over time.

Granite Construction Incorporated shares at a glance

Information last updated 2022-09-25.
Latest market close$26.52
52-week range$26.70 - $43.46
50-day moving average $29.95
200-day moving average $32.35
Wall St. target price$43.20
PE ratio 74.8889
Dividend yield $0.52 (1.93%)
Earnings per share (TTM) $0.36

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Granite Construction Incorporated stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Granite Construction Incorporated price performance over time

Historical closes compared with the close of $26.52 from 2022-09-28

1 week (2022-09-22) -5.25%
1 month (2022-08-29) -12.85%
3 months (2022-06-29) -7.34%
6 months (2022-03-25) N/A
1 year (2021-09-29) -34.70%
2 years (2020-09-29) 49.49%
3 years (2019-09-27) 31.64
5 years (2017-09-29) 57.95

Is Granite Construction Incorporated stock undervalued or overvalued?

Valuing Granite Construction Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Granite Construction Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Granite Construction Incorporated's P/E ratio

Granite Construction Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 75x. In other words, Granite Construction Incorporated shares trade at around 75x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Granite Construction Incorporated's PEG ratio

Granite Construction Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.56. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Granite Construction Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Granite Construction Incorporated's EBITDA

Granite Construction Incorporated's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $111.2 million.

The EBITDA is a measure of a Granite Construction Incorporated's overall financial performance and is widely used to measure a its profitability.

Granite Construction Incorporated financials

Revenue TTM $2.9 billion
Operating margin TTM 2.13%
Gross profit TTM $305.6 million
Return on assets TTM 1.63%
Return on equity TTM 0.96%
Profit margin 0.89%
Book value $20.05
Market capitalisation $1.2 billion

TTM: trailing 12 months

Granite Construction Incorporated share dividends

95%

Dividend payout ratio: 94.55% of net profits

Recently Granite Construction Incorporated has paid out, on average, around 94.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.93% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Granite Construction Incorporated shareholders could enjoy a 1.93% return on their shares, in the form of dividend payments. In Granite Construction Incorporated's case, that would currently equate to about $0.52 per share.

Granite Construction Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Granite Construction Incorporated's most recent dividend payout was on 13 October 2022. The latest dividend was paid out to all shareholders who bought their shares by 28 September 2022 (the "ex-dividend date").

Have Granite Construction Incorporated's shares ever split?

Granite Construction Incorporated's shares were split on a 3:2 basis on 15 April 2001. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Granite Construction Incorporated shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Granite Construction Incorporated shares which in turn could have impacted Granite Construction Incorporated's share price.

Granite Construction Incorporated share price volatility

Over the last 12 months, Granite Construction Incorporated's shares have ranged in value from as little as $26.7 up to $43.4631. A popular way to gauge a stock's volatility is its "beta".

GVA.US volatility(beta: 1.32)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Granite Construction Incorporated's is 1.3232. This would suggest that Granite Construction Incorporated's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Granite Construction Incorporated overview

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, 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. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services.

Frequently asked questions

What percentage of Granite Construction Incorporated is owned by insiders or institutions?
Currently 0.623% of Granite Construction Incorporated shares are held by insiders and 103.111% by institutions.
How many people work for Granite Construction Incorporated?
Latest data suggests 1,900 work at Granite Construction Incorporated.
When does the fiscal year end for Granite Construction Incorporated?
Granite Construction Incorporated's fiscal year ends in December.
Where is Granite Construction Incorporated based?
Granite Construction Incorporated's address is: 585 West Beach Street, Watsonville, CA, United States, 95076
What is Granite Construction Incorporated's ISIN number?
Granite Construction Incorporated's international securities identification number is: US3873281071
What is Granite Construction Incorporated's CUSIP number?
Granite Construction Incorporated's Committee on Uniform Securities Identification Procedures number is: 387328107

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