Barclays PLC Sells Shares in Granite Construction Incorporated
November 24, 2023
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Granite Construction ($NYSE:GVA) Incorporated is one of the largest heavy civil contractors in the United States. It is a vertically integrated company that specializes in road construction, asphalt paving, aggregate production, and other related services. The company is also involved in civil engineering and construction management services across a wide range of infrastructure projects. Barclays PLC’s decision to sell its shares in Granite Construction Incorporated may be a sign that they are confident in the stock’s potential for future growth.
Stock Price
On Wednesday, shares of GRANITE CONSTRUCTION Incorporated (NYSE: GVA) opened at $45.6 and closed at the same price, up 0.6% from the previous closing price of $45.4. The stock was traded on the New York Stock Exchange (NYSE). Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Granite Construction. More…
| Total Revenues | Net Income | Net Margin |
| 3.36k | 23.3 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Granite Construction. More…
| Operations | Investing | Financing |
| 104.48 | -114.14 | 46.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Granite Construction. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.58k | 1.57k | 21.75 |
Key Ratios Snapshot
Some of the financial key ratios for Granite Construction are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.4% | 6.6% | 1.8% |
| FCF Margin | ROE | ROA |
| -0.8% | 4.1% | 1.5% |
Analysis
At GoodWhale, we recently conducted an analysis of GRANITE CONSTRUCTION‘s wellbeing. Our Star Chart shows that GRANITE CONSTRUCTION has a high health score of 8/10, with regard to its cashflows and debt, suggesting that it is capable of sustaining future operations in times of crisis. We have classified GRANITE CONSTRUCTION as a ‘cheetah’: a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this information, it is likely that GRANITE CONSTRUCTION would be of interest to investors who are looking for potential higher returns. The company is strong in asset and dividend, and medium in terms of growth and profitability, suggesting that it could offer investors a good balance between stability and financial reward. As such, GRANITE CONSTRUCTION could be an attractive option for investors seeking to diversify their investments in the current market. More…
Peers
The company has a long history of success and has completed many high-profile projects.
However, Granite Construction Inc is not the only construction company in the market and faces stiff competition from other companies such as IL&FS Engineering and Construction Co Ltd, PBA Infrastructure Ltd, and MBL Infrastructures Ltd.
– IL&FS Engineering and Construction Co Ltd ($BSE:532907)
IL&FS Engineering and Construction Co Ltd is an engineering and construction company that operates in the infrastructure sector in India. The company has a market cap of 2 billion as of 2022 and a return on equity of 7.54%. The company provides engineering, procurement, and construction services for a variety of infrastructure projects, including roads, bridges, tunnels, railways, and power plants.
– PBA Infrastructure Ltd ($BSE:532676)
PBA Infrastructure Ltd is an Australian engineering and infrastructure company. They have a market cap of 164.44M as of 2022 and a Return on Equity of 1.6%. PBA Infrastructure Ltd is involved in the design, construction, financing and operation of social and economic infrastructure assets.
– MBL Infrastructures Ltd ($BSE:533152)
MBL Infrastructures Ltd is an India-based engineering,procurement and construction (EPC) company. The Company is engaged in the business of civil construction, which includes roads, bridges, flyovers, buildings and irrigation. It also has a presence in the power sector. The Company’s segments include Construction and Power. Its Construction segment includes civil construction and other infrastructure development works. Its Power segment includes generation, transmission and distribution of power. The Company’s projects include National Highways, State Highways, Major District Roads, Rural Roads, City Roads, Bridges, Flyovers, Buildings, Water Supply and Sewerage Treatment Plants and Irrigation.
Summary
Granite Construction Incorporated (GVA) is a specialty construction company with a focus on infrastructure-related services. Investment analysis of GVA shares has been relatively positive given the company’s consistent revenue growth and record backlog of projects. As a result, many investors view GVA as an attractive long-term investment opportunity.
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