Granite Construction Incorporated (GVA)

Granite Construction's stock experienced several notable events in the past six months. The company reported its Q3 2025 earnings, beating EPS forecasts but missing revenue expectations, leading to a stock rise. Granite provided strong revenue and EBITDA margin guidance. A quarterly dividend was declared. Analyst ratings saw adjustments from DA Davidson, Wall Street Zen, Goldman Sachs, and Zacks Research. The stock reached a new 52-week high and experienced a gain over the preceding two weeks.

The construction industry, in which Granite Construction operates, is highly susceptible to seasonal fluctuations, primarily driven by weather conditions, daylight hours, and market trends. Activity typically peaks during the warmer months, while outdoor projects slow down during colder periods. Economic factors and client budgets can also influence demand. Some regions with temperate climates experience less severe seasonality.

Granite Construction, Inc. is a diversified infrastructure provider and construction materials producer in the United States, operating through Construction and Materials segments. The Construction segment focuses on projects like roads, bridges, and water-related infrastructure, while the Materials segment produces aggregates, asphalt, and recycled materials for internal and external use. Granite also provides site preparation, mining, and construction management services.

Granite Construction, Inc. operates extensively across the United States, with numerous regional and area offices, quarries, asphalt, and concrete plants. The company's operations also extend to Canada, Mexico, and South America. Within the U.S., Granite has a significant presence in Western states, and its operating divisions include the California Group, Mountain Group, and Central Group.

Granite Construction has a strong brand reputation within the industry, recognized as one of the top construction companies in the U.S. It is an industry leader in safety and an award-winning firm in quality and sustainability. Granite has been recognized as one of the World's Most Ethical Companies for eleven consecutive years and secured the No. 1 ranking in Highways on ENR's Top Contractors List. Granite achieved Cybersecurity Maturity Model Certification Level 2 and released its 2024 Sustainability Report. However, the company was under investigation by the SEC from 2019 to 2021 for misrepresenting revenue.

Granite Construction, Inc. has a diverse ownership structure, with institutional investors holding a significant portion of the company's stock. Approximately 61.73% to 93.98% of the company's stock is owned by institutional investors, while insiders own about 0.79% to 1.10%, and public companies and individual investors hold the remaining shares. Major institutional owners include BlackRock, Inc., The Vanguard Group Inc, and State Street Corp, with BlackRock, Inc. being the largest individual institutional shareholder.