花岗岩建筑2025财年Q3业绩显著改善，机构上调目标价至155美元

Core Insights - Granite Construction (GVA.US) reported significant improvement in its Q3 FY2025 financial results, reflecting a robust fundamental performance and increased market confidence [1] Financial Report Analysis - For Q3 FY2025, Granite Construction achieved revenue of $1.433 billion, representing a year-over-year increase of 12.39% and a quarter-over-quarter increase of 27.3% [2] - The net profit reached $103 million, showing a substantial year-over-year growth of 30.37% [2] - Gross margin improved to 18.18%, an increase of 1.5 percentage points compared to the same period last year [2] - The company’s signed and awarded project backlog reached a record high of $6.3 billion, with a quarter-over-quarter increase of $273 million [2] - Granite Construction raised its full-year revenue guidance for 2025 to between $4.35 billion and $4.55 billion, with adjusted EBITDA margin expectations of 11.25% to 12.25% [2] Institutional Perspectives - Analyst Brent Thielman from D.A. Davidson maintained a "Buy" rating on Granite Construction and raised the target price from $130 to $155 [3] - The target price increase is based on the company’s record-high contract backlog and ongoing improvements in profitability, reinforcing optimistic market expectations for its growth prospects [3]