Dernières nouvelles pour Granite Const (NYSE:GVA) Stock

Granite Construction

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, bridges, and other infrastructure projects. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's Construction operating segment, with the remainder derived from its Materials segment.

Granite Const

Granite Construction Incorporated Common Stock

Granite Construction Inc

Cambria Global Value ETF

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>). &#8220;I would tell them to buy some now, the stock is down. That is the way <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">to go,&#8221; he added</a>.
Supporting his view, BofA Securities analyst Sara Senatore, on July 18, maintained Starbucks with a Buy and raised the price target from $101 to $110.
&#8220;I've always felt that GVA was a takeover target,&#8221; Cramer said when asked about Granite Construction Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>). &#8220;I think that the infrastructure play is still on, and therefore Granite is still on.&#8221;
As per the recent news, Granite announced that its joint venture with Obayashi Corporation, on July 17, was awarded a $158 million Guam Defense System Project.
Cramer recommended not buying Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), adding that the stock is up way too much. &#8220;We have a glut of oil. I'm worried about that,&#8221; he noted.
Enovix will release financial results for the second quarter on Thursday, July 31, following the close of the market.
When asked about Solid Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>), he said, &#8220;Take a little off the table because that thing has just been a horse.&#8221;
On the earnings front, Solid Power, on May 6, reported a first-quarter loss of 8 cents per share, which beat the analyst consensus estimate of a loss of 12 cents per share. The company reported quarterly sales of $6.02 million, which missed the analyst consensus estimate of $7.90 million.
&#8220;I am on the camp which says you can buy it because of the dividend, but not because the earnings. That's a tough one,&#8221; Cramer said when asked about General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>).
General Mills, on June 25, reported mixed fourth-quarter financial results and issued weak FY26 adjusted guidance.
Price Action:
<ul class="wp-block-list">
<li>Granite Construction shares gained 0.4% to settle at $94.38 on Monday.</li>
<li>Solid Power shares fell 1.1% to close at $3.73.</li>
<li>Enovix shares dipped 7.1% to settle at $14.43 on Monday.</li>
<li>General Mills shares fell 1.8% to close at $49.18.</li>
<li>Starbucks shares fell 1.2% to settle at $92.66 on Monday.</li>
</ul>
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Jim Cramer: This Coffee Chain Is 'The Way To Go' But General Mills? 'That's A Tough One'

Contracts

Granite Joint Venture With Obayashi Wins $158M Guam Defense System Project

Granite Construction Wins $17M Contract By Utah Department Of Transportation For Bridge Replacement Project In Riverdale, Utah

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54287014&amp;newsitemid=20250708099877&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=1f93766947ed1ccdc4ca768f8c4f76f5">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) announced it has been awarded a $111 million contract by the Utah Department of Transportation (UDOT) for a major infrastructure project in Salt Lake City. Project funding is to come from UDOT and Federal sources and will be included in Granite's second quarter CAP.
Key elements of the project include:
<ul>
<li>Rubblizing existing Portland Cement Concrete Pavement (PCCP) and overlaying with 175,000 tons of highly modified hot mix asphalt (HMHMA)</li>
<li>Structural deck replacements, hydro demolition, and pothole patching across 22 bridges (18 deck replacements: 10 via hydro-demolition, 8 standard remove and replace)</li>
<li>Installation of 22,000 linear feet of storm drain</li>
<li>Ramp metering installation at California Avenue</li>
</ul>
Granite's Walker Hot Plant will supply the 175,000 tons of HMHMA and 5,000 tons of temporary HMA required for the project.
Construction is expected to begin August 2025 and be completed November 2026. &nbsp;

Granite Awarded $111M Contract By Utah Department Of Transportation For Infrastructure Project In Salt Lake City

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54282311&amp;newsitemid=20250625976091&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=fb9ef7d64acfdc7f2126f2a4bf9cfc50">Granite </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) is proud to announce its continued collaboration with the Southern Nevada Water Authority (SNWA) and Contri Construction Company through the award of the Rice Pumping Station &amp; Pipeline Project—part of the Horizon Lateral Program. In partnership with Contri, Granite operates under the Southern Nevada Construction Partners (SNCP), a joint venture.
The Horizon Lateral Program is a strategic initiative designed to enhance system reliability, redundancy, and long-term water delivery capabilities to SNWA facilities, serving the Las Vegas Valley Water District and the City of Henderson. The program is being delivered through a staged design and construction approach, with the Rice Pumping Station &amp; Pipeline Project among the first to advance into detailed design and construction.
The project scope includes the construction of a new 30 million gallons per day (MGD) pumping station at the existing Thomas Rice Reservoir and Pumping Station site. Additionally, a 21,000-linear-foot, 42-inch diameter steel water pipeline will be installed to convey water southwest to the Spring Mountain/Durango Reservoir site.

Granite Awarded Rice Pumping Station & Pipeline Project In Ongoing Collaboration With Southern Nevada Water Authority To Boost Southern Nevada Water Infrastructure

Granite Selected For $3M Contract For Tahoe City Public Utility District

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54263773&amp;newsitemid=20250603314018&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=e350d0c2c9b4b687232f54ec11015492">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded a contract valued at approximately $21 million by Carson City, Nevada to enhance the city's transportation network. Project funding is to come from local funding and a Federal Highway Administration (FHWA) grant and will be included in Granite's second-quarter CAP.

Granite Secures $21M Contract From Carson City, Nevada To Upgrade Transportation Infrastructure

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54258658&amp;newsitemid=20250522718523&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=954c2d8cd7d45d097ac5976fe4c96545">Granite </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $26 million contract by the San Francisco International Airport (SFO) to upgrade Taxiway Z and a portion of Taxiway S at SFO in San Francisco, California. Project funding is to come from SFO and will be included in Granite's second-quarter CAP.
This project will rehabilitate the taxiways to ensure the continued safety and efficiency of aircraft operations. Taxiway Z serves as a primary corridor for aircraft movement between the terminals, airline maintenance, and cargo facilities.

Granite Bags About $26M Contract From San Francisco International Airport To Upgrade Taxiway Z And Portion Of Taxiway S At SFO In San Francisco, California

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54257818&amp;newsitemid=20250520116756&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=9b18326c86212d392386677f69983ab0">Granite </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded a Federally funded $54 million contract to build the first of two construction phases under a Construction Manager/General Contractor (CMGC) contract with the Alaska Department of Transportation and Public Facilities (DOT &amp; PF).
This phase of the project involves the realignment of the Parks Highway from milepost 319 to 322, aimed to reduce sharp corners and improve traffic safety. Major work activities include 2.5 million cubic yards of onsite earthwork, 25,000 tons of asphalt paving, and implementation of a full traffic diversion. The project leverages all facets of Granite's equipment fleet, including a portable crusher and hot plant. The estimated construction contract value for the remaining segment is approximately $35 million.
Construction began May 1, 2025, and is estimated to be completed by September 2027.

Granite Secures Federally Funded $54M Contract To Build First Of Two Construction Phases Under CMGC Contract With Alaska DOT & PF

Management

James A. Radich Notified Granite Construction That He Will Retire As The Company's COO On July 4, 2025

Goldman Sachs analyst Jerry Revich maintains Granite Const (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) with a Sell and raises the price target from $69 to $76.

Price Target

Analyst Ratings

Goldman Sachs Maintains Sell on Granite Const, Raises Price Target to $76

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Thursday.
Shares of QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell sharply in today's pre-market trading as the company reported <a href="https://in.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">second-quarter financial results</a>.
Qualcomm reported second-quarter revenue of $10.84 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $10.65 billion, according to data from Benzinga Pro. The company reported second-quarter non-GAAP earnings per share of $2.85, up 17% year-over-year. The total beat a Street consensus estimate of $2.81.
Qualcomm is guiding for third-quarter revenue to come in a range of $9.9 billion to $10.7 billion. Analysts expect $10.35 billion, according to data from Benzinga Pro. Qualcomm is guiding for third-quarter earnings per share in a range of $2.60 to $2.80 versus an analyst estimate of $2.67.
Qualcomm shares dipped 5.3% to $140.57 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Super Group (SGHC) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) shares dipped 23.3% to $6.22 in pre-market trading.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares tumbled 13.2% to $7.60 in pre-market trading. Vestis will report its fiscal second quarter earnings results after the closing bell on Tuesday, May 6.</li>
<li>Reservoir Media, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) fell 13.2% to $6.51 in pre-market trading.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) declined 10.3% to $21.35 in pre-market trading as the company reported first-quarter financial results.</li>
<li>Granite Construction Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) dropped 10.2% to $73.01 in pre-market trading.</li>
<li>Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) tumbled 6.5% to $51.01 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Inter &amp; Co, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) fell 4.5% to $6.32 in pre-market trading.</li>
</ul>
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Qualcomm, Confluent, Pilgrim's Pride And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Granite Construction Stated That, Despite Macroeconomic Uncertainty, It Is Well Positioned To Achieve Its 2025 Guidance

Granite Const (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) affirms FY2025 sales outlook from $4.20 billion-$4.40 billion to $4.20 billion-$4.40 billion vs $4.29 billion estimate.

Guidance

Granite Const Affirms FY2025 Sales Guidance of $4.20B-$4.40B vs $4.29B Est, Company Sees Adjusted EBITDA Margin In The Range Of 11.0%-12.0%

Granite Construction (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) reported quarterly earnings of $0.01 per share. This is a 104.76 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $699.55 million which missed the analyst consensus estimate of $706.15 million by 0.94 percent. This is a 4.06 percent increase over sales of $672.27 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Granite Construction Q1 Adj. EPS $0.01 Compared With $(0.21) YoY, Sales $699.55M Miss $706.15M Estimate

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Earnings Scheduled For May 1, 2025

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54238628&amp;newsitemid=20250417221748&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=91684d33336fff5495a924b7c2de264f">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $80 million contract by the Texas Department of Transportation (TxDOT) to upgrade a section of Farm to Market 548 (FM 548) near Forney, TX. Project funding is to come from state sources and will be included in Granite's first-quarter CAP.
This infrastructure project will transform the existing asphalt paved roadway from FM 548 north of US 80 to Windmill Farms Blvd into a concrete paved roadway, including additional travel lanes and drainage upgrades. Project improvements will provide increased traffic capacity to help relieve traffic in the rapidly growing City of Forney and surrounding Kaufman County, particularly through the busiest commercial area in the city.
The scope of the project includes over 200,000 square yards of 10" concrete pavement and over 40,000 linear feet of new storm drain.
Granite is excited to contribute to the growth and development of Forney and Kaufman County, enhancing the quality of life for residents and supporting the area's economic expansion.
Construction is expected to begin in July 2025 and be completed in March 2027.

Granite Awarded About $80M Contract By TxDOT To Upgrade Section Of Farm To Market 548 Near Forney, TX

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Shares of machinery, electrical equipment and engineering companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Granite Joint Venture Team Wins $97M Military Infrastructure Project In Guam

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54220030&amp;newsitemid=20250306705161&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=4295ce6f11278328402d256db4898978">Granite</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) has been awarded an approximately $66 million contract by the California Department of Transportation (Caltrans) for an infrastructure project that will enhance the Caldwell Avenue interchange located on SR99 in Visalia, California. Project funding comes from state and federal sources and will be included in Granite's first-quarter CAP.
The project scope includes the construction of two new precast girder bridges: a two-span structure over SR99 and a single-span structure over the UPRR tracks. Additionally, 12 new retaining walls will be built, featuring cast-in-place concrete, mechanically stabilized earth (MSE) walls, and soldier pile walls with timber lagging. To further enhance accessibility, four new on/off ramps will be constructed, with traffic being controlled by new roundabouts at each set of ramps.

Granite Awarded ~$66M Contract By The California Department Of Transportation For An Infrastructure Project That Will Enhance The Caldwell Avenue Interchange Located On Sr99 In Visalia, California

Press Releases

Granite's Brunswick Facility to Support East William Street Complete Project in Carson City

Granite Declares Quarterly Dividend

Granite Selected for Tahoe Cedars Water Reconstruction Project

Granite and JV Partner Advance Southern Nevada Water Infrastructure with Paradise Hills CMAR Project

Granite to Expand Southern Nevada Water Infrastructure with Addition of Rice Pumping Station

Announcing Granite's CM/GC Rehabilitation and Construction Project at SFO

Granite Awarded $111 Million Utah DOT Project in Salt Lake City

Granite Awarded UDOT Bridge Replacement Project in Riverdale, UT

Granite Joint Venture Awarded $158 Million Guam Defense System Project

Granite Announces Timing of Earnings Release and Investor Conference Call

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Granite Const

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Dernières nouvelles pour Granite Const (NYSE:GVA) Stock

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BENZINGA MONDIAL