GVA · NYSE · Engineering & Construction

Granite Construction (GVA)

Builds civil infrastructure and supplies aggregates and asphalt through vertically integrated local operations.

$114.33
After hours−0.06 (−0.05%)
At close$114.39(−1.56%)
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Granite Construction IncorporatedGVA
Industrials

Builds and rehabilitates roads, bridges, airports, water systems, tunnels, and other civil infrastructure, while producing aggregates and asphalt for internal projects and third-party customers. Construction revenue is predominantly public-sector, and vertically integrated local materials networks support project delivery across U.S. home markets.

Builds and rehabilitates roads, bridges, rail lines, airports, ports, dams, water systems, tunnels, and other civil infrastructure for public and private clients. The Construction segment also covers site development, mining, solar and battery-storage projects, while national divisions handle federal, tunnel, industrial-and-energy, and water-well work across the United States and Guam.

Produces aggregates, asphalt concrete, liquid asphalt, and recycled materials through the Materials segment. Owned and leased reserves and processing plants feed internal projects and third-party sales, pairing local market knowledge with selective bidding and collaborative delivery methods.

Operates primarily in the United States, across western, southern, and Midwestern home markets. Government agencies fund most Construction revenue; results therefore depend on public infrastructure appropriations, procurement compliance, materials permits, and controlling labor, material, and subcontractor costs under fixed-price and fixed-unit-price contracts.

Company facts

CEOKyle T. Larkin
ListedApr 20, 1990
ExchangeNYSE
HeadquartersWatsonville, CA
CountryUnited States
Employees5,800
CIK0000861459
ISINUS3873281071

Market cap$5.09B
EPS (ttm)−$4.37
P/E (ttm)−26.59
ROE-16.0%
P/B6.76
P/S1.02
Dividend yieldDiv yield0.45%
Beta0.89vs XLI 1.05

Price target$180.00+57.3%Average of 15 analysts
ConsensusBuy10 of 15 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 31, 2026OppenheimerReiterate
Rating: Target: $170
Rating: OutperformTarget: $180
Jul 31, 2026Goldman SachsReiterate
Rating: Target: $139
Rating: SellTarget: $119
Jul 9, 2026Goldman SachsDowngrade
Rating: NeutralTarget: $132
Rating: SellTarget: $139
Jun 25, 2026StephensInitiate
Rating: Target:
Rating: OverweightTarget: $180
May 28, 2026OppenheimerTarget
Target:
Target: $170

Next report
Nov 5, 26
in 44 days
EPS estimate
$3.40
Revenue estimate
$1.70B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$1.23−$0.77$1.93$2.70$1.40−$0.96$2.16Pending
Estimate$1.27−$0.43$1.77$2.56$1.34−$0.77$2.25$3.40
Surprise−3.1%−79.1%+9.0%+5.5%+4.5%−25.2%−4.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$977.3M$699.5M$1.13B$1.43B$1.17B$912.5M$1.46BPending
Estimate$949.9M$706.2M$1.16B$1.48B$1.15B$782.3M$1.41B$1.70B
Surprise+2.9%−0.9%−2.5%−3.4%+1.5%+16.6%+3.1%
Estimate$3.40
ReportedDue Nov 5, 2026
Estimate$1.70B
ReportedDue Nov 5, 2026
View details

Debt to equity230.10%
Current ratio101.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.28B$977.3M$699.5M$1.13B$1.43B$1.17B$912.5M$1.46B
Net income$79.0M$41.5M−$33.7M$71.7M$102.9M$52.0M−$41.7M−$278.2M
Net margin6.2%4.2%0.0%6.4%7.2%4.5%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$104.3M$56.1M−$39.8M$103.6M$143.7M$60.9M−$34.1M$125.6M
YoY growth+41.3%+172.0%Loss narrowed+20.7%+37.7%+8.5%Loss narrowed+21.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.05B · Total debt $1.73B · Total assets $4.78B · Shareholders' equity $752.7M

Revenue
$1.46B
Operating income
$125.6M
Net income
−$278.2M
View details

Dividend yield
0.45%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$0.52
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.13$0.13$0.13$0.13$0.13$0.13$0.13$0.13
Annual yield0.59%0.69%0.56%0.47%0.45%0.43%0.33%0.45%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions113.56%49.70M shares
460 holders · as of Jun 30, 2026
Insiders0.77%336.3K shares
16 holders · as of Aug 7, 2026
Adds to114.33%

43.76M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 114.33%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
15.69%6.87Mas of Jun 30, 2026
FMR LLCInstitution
13.04%5.71Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.58%2.44Mas of Jun 30, 2026
State Street CorpInstitution
5.32%2.33Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.50%1.97Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 6, 2026Carlos M. Hernandezdirector+400$123.99
Jun 12, 2026John Timothy Romerdirector+375$141.79
Jun 15, 2026John Timothy Romerdirector+375$143.65
Jun 8, 2026Bradley Jay Williamsofficer: Senior Vice President−6,734$141.00
Jun 8, 2026Michael G. Tatuskoofficer: Senior Vice President−7,500$141.00
View details

  • Construction Partners

    Vertically integrated roadwork and asphalt in Sunbelt markets

  • CRH

    Scaled North American materials, asphalt, and road solutions

  • Sterling Infrastructure

    Transportation and site-development contractor with data-center tilt

  • Tutor Perini

    Heavy civil public works across transit, bridges, and tunnels

  • Primoris Services

    Infrastructure services in utilities, energy, and public works

  • Vulcan Materials

    Largest US aggregates supplier with asphalt and concrete overlap

  • Martin Marietta

    Aggregates-led materials supplier with asphalt and paving overlap

CompareAfter hours

CompanyPriceChange
Granite Construction$114.33−0.05%$5.09B16.31.0+29.3%
Construction Partners$96.71−0.05%$5.34B37.226.71.5+28.3%
CRH$88.04+0.01%$58.23B+5.6%
Sterling Infrastructure$512.50−0.74%$15.73B37.023.34.6+90.1%
Tutor Perini$85.770.00%$4.54B37.119.40.8+19.2%
Primoris Services$76.32−0.04%$4.17B30.319.20.6−10.7%
Vulcan Materials$247.870.00%$31.90B29.025.33.9+2.5%
Martin Marietta$499.34−0.01%$30.01B12.325.64.5+7.5%
Median33.624.32.7+7.5%