D.A. Davidson analyst Brent Thielman maintained a Buy rating on Granite Construction (GVA – Research Report) today. The company’s shares closed yesterday at $57.26.
Thielman covers the Industrials sector, focusing on stocks such as EMCOR Group, Encore Wire, and Granite Construction. According to TipRanks, Thielman has an average return of 21.5% and a 68.14% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Granite Construction with a $50.00 average price target.
Based on Granite Construction’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.12 billion and a net profit of $57.62 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $69.3 million
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Granite Construction (GVA) Company Description:
Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Transportation, Water, Specialty and Materials. The Transportation segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports. The Water segment involves in water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides trenchless cured-in-place pipe rehabilitation. The Specialty segment includes construction of various complex projects including infrastructure / site development, mining, public safety, tunnel and power projects. The Materials segment offers production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties. The company was founded in 1922 and is headquartered in Watsonville, CA.
