One of my better calls over the last year or so has been Granite Construction (NYSE: GVA ), a company that focuses on the construction and rehabilitation of roads, bridges, rail lines, airports, and more. It is also involved in Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow ...

Core Insights - Granite Construction Incorporated (GVA) has secured a $34 million contract for seismic improvements at Oakland International Airport, aimed at protecting the runway from water intrusion [1] - The project will utilize cement deep soil mixing (CDSM) to strengthen 4,200 linear feet of the dike, with construction expected to start in Q1 2025 and finish by Q3 2026 [2] - GVA's revenue for 2024 is projected to be between $3.9 billion and $4 billion, with an adjusted EBITDA margin of 9.5% to 11.5% [6] Company Performance - GVA's shares have increased by 33.8% over the past three months, outperforming the Zacks Building Products - Heavy Construction industry's growth of 19.6% [5] - The company has consistently received contracts due to strong execution and is expanding its business through acquisitions and investments [5] - In 2023, GVA reported revenues of $3.5 billion, with SG&A at 8.4% and an adjusted EBITDA margin of 8% [6] Earnings Outlook - EPS estimates for 2024 remain stable at $5.24, indicating a year-over-year growth of 66.9% [7] - GVA has exceeded analysts' EPS expectations in three of the last four quarters, averaging a 26.4% beat [7] Market Position - GVA is focused on building a high-quality CAP portfolio, benefiting from a favorable public funding environment and a resilient private market [3] - The company's CAP includes unearned revenue and other awards, reflecting its future revenue expectations from executed contracts [4]

Granite Construction Incorporated (GVA) secured a significant contract valued at approximately $113 million for constructing new facilities at Marine Corps Base Camp Blaz (MCCB). The construction will be carried out in partnership with Obayashi Corporation through the Granite-Obayashi 2 Joint Venture. GVA stock moved up 0.5% during the trading session on Sept. 24. Key Project Highlights This project will be funded by the Department of Defense's (DOD) Military Construction (MILCON) program and will be includ ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

Granite Construction Incorporated (GVA) recently announced a win with the Utah Department of Transportation ("UDOT"), securing a $65 million contract for Phase 2 of the SR-30 Improvement Project in Logan, UT. This deal builds on Granite's successful completion of Phase 1 in 2023, positioning the company as the preferred low bidder for the next phase of the project. GVA stock gained 0.7% during the trading session on Sept. 10. Boost to Granite's Stock Value This contract, funded by UDOT and federal sources, ...

Granite Construction Incorporated (GVA) secured a $38-million contract from the California Department of Transportation (Caltrans) for the Highway 101 mainline segment. This contract involves adding peak-hour High Occupancy Vehicle (HOV) lanes and reconstructing the highway in southern Santa Barbara. The project, funded by Caltrans and local sources, was included in GVA's second-quarter Committed and Awarded Projects (CAP). The latest Highway 101 mainline segment marks Granite's sixth project under its Cons ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Granite Construction (GVA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question. Granite Construction is a member of our Construction group, which includes 91 d ...

Granite Construction Incorporated (GVA) has acquired Dickerson & Bowen, Inc. (D&B), a leading regional aggregates, asphalt, and highway construction company serving Central and Southern Mississippi, in cash. This bolt-on buyout is highly complementary to GVA's prior acquisition of Lehman-Roberts Company and Memphis Stone & Gravel (LRC and MSG). This materials-focused business also builds on Granite's footprint in the Southeast, serving as a growth platform in the Memphis metropolitan and Mississippi markets ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...