Granite Construction Incorporated (GVA)

Granite Construction's stock price increased from $79.28 on September 30, 2024, to $109.70 on September 30, 2025, representing a 38.37% increase. The company reported its Q4 CY2024 earnings on February 13, 2025, beating Wall Street's revenue expectations with sales up 4.7% year-on-year to $977.3 million. Its full-year revenue guidance for FY2025 was slightly above analysts' estimates at $4.3 billion at the midpoint. Granite also announced a quarterly dividend of $0.13, which was paid on October 15, 2025, to stockholders of record on September 30, 2025. Analyst ratings have varied, and institutional investors have made changes to their positions.

Demand for Granite Construction's products and services is influenced by seasonal variations and economic cycles. The construction industry is directly affected by weather conditions, which can impact project timelines, budgets, and worker safety. Winter weather can significantly affect materials and heavy machinery. Spring presents challenges with saturated soils and freeze-thaw cycles. Summer heat poses safety risks for workers and can affect materials. Autumn generally offers optimal conditions for construction. Extreme weather events can lead to project delays, material scarcity, and labor shortages.

Granite Construction, Inc. operates in the Industrials sector, specifically within the Construction & Engineering industry, involving heavy civil construction contracting and the manufacturing of construction aggregates. The company constructs and rehabilitates infrastructure projects for public and private clients and produces and sells construction materials such as aggregates, asphalt concrete, liquid asphalt, and recycled materials.

Granite Construction's operations span across the United States, organized into three main construction operating divisions: the California Group, the Mountain Group, and the Central Group. The California Group covers various regions within California. The Mountain Group includes states such as Alaska, Washington, Oregon, Idaho, Nevada, and Utah, along with a Water/Mineral Division. The Central Group encompasses Arizona, Texas, Florida, Illinois, and a Federal Division based in Colorado. The company delivers infrastructure solutions for public and private clients throughout the Americas.

Granite Construction has reinforced its commitment to sustainability and ESG issues by joining the United Nations Global Compact. The company has maintained a strong industry standing, securing the No. 1 ranking in Highways on Engineering News-Record (ENR) magazine's Top Contractors List for the fifth consecutive year in 2025. From 2019 to 2021, the company was under investigation by the SEC for misrepresenting revenue, which resulted in fines and settlements with shareholders.

Granite Construction Incorporated (GVA) has a diverse shareholder base, including institutional investors, mutual funds, and individual stakeholders. As of April 17, 2025, there were 788 institutional owners holding a total of 78,866,806 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Dimensional Fund Advisors LP, and Millennium Management LLC. As of late 2024, insiders owned approximately 0.89% of the company's stock.