Granite Construction Share Price Rises 6.3%, Insiders Miss Out on Gain After Selling Stock
January 30, 2023
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Its extensive portfolio includes highways, bridges, airports, water and wastewater systems and other large infrastructure projects. The company has recently seen a rise in its share price, with a 6.3% increase in the span of a week. Unfortunately, insiders of the company have missed out on the gain after selling their shares. The sale of these stocks took place prior to the surge in price, meaning that the people who sold have not been able to capitalize on the sudden increase. This is especially concerning for those who have heavily invested in the stock market, as any unexpected gains can be greatly beneficial. Despite the missed opportunity, Granite Construction ($NYSE:GVA) Incorporated remains a strong investment opportunity.
Furthermore, the company’s revenues have been steadily increasing over the past few years and it is well-positioned to benefit from future infrastructure projects in the US. Granite Construction Incorporated is an attractive option for those looking to invest in construction and construction materials providers. Although insiders may have missed out on the recent gains, they remain optimistic about the company’s future prospects. With its strong fundamentals and impressive track record, Granite Construction Incorporated is sure to remain a lucrative investment opportunity for years to come.
Share Price
Granite Construction Incorporated (GRANITE) has been in the news lately, as their share price rose 6.3% at the time of writing. On Friday, shares opened at $37.7 and closed at $39.1, up 4.1% from the last closing price of $37.6. The news coverage has been mostly positive, with investors excited about the potential of the company’s stock. It’s not clear why they chose to do so, but it’s likely they had a good reason. After all, they’re the ones with the most knowledge about the company and know what’s best for its future. Overall, the market appears to be optimistic about GRANITE’s prospects going forward. This is evidenced by the rise in its stock price, which is a good indication of investor confidence in the company’s future.
It will be interesting to see how this plays out over the coming weeks and months. The company is well-respected for its high-quality products and services, and it has a strong reputation for delivering projects on time and on budget. It has also built a loyal customer base over the years, which has helped to increase its bottom line. In conclusion, GRANITE CONSTRUCTION’s share price has risen 6.3%, which is good news for investors. Nevertheless, the overall market sentiment towards GRANITE remains positive and this should be a good indicator of potential success in the future. 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 |
| 2.83k | 64.39 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Granite Construction. More…
| Operations | Investing | Financing |
| -52.62 | 9.78 | -167.63 |
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 |
| 2.41k | 1.42k | 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 |
| -5.9% | -36.7% | 1.9% |
| FCF Margin | ROE | ROA |
| -6.1% | 3.8% | 1.4% |
VI Analysis
Investors looking for a reliable and consistent return may be interested in GRANITE CONSTRUCTION, as indicated by its strong fundamentals and 8/10 health score. According to the VI Star Chart, the company is strong in asset and dividend, medium in profitability, and weak in growth. GRANITE CONSTRUCTION is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. The company’s fundamentals are a reliable indicator of its long-term potential. Cashflow and debt are used to measure the health of the company and its ability to sustain future operations in times of crisis. GRANITE CONSTRUCTION has a high health score of 8/10, indicating that it is a sound investment for investors looking for stability. In addition, GRANITE CONSTRUCTION’s asset strength is an important factor for investors looking for stability and long-term returns. The company’s strong asset base gives it the resources to generate consistent income over time and the capacity to recover from any unexpected economic downturns. Overall, GRANITE CONSTRUCTION is an attractive option for investors looking for a reliable return with minimal risk. Its strong asset base, consistent dividend history, and high health score make it an ideal choice for long-term investors seeking stability. More…
VI 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, Inc. is an American construction company that has seen its stock price rise 6.3% in recent days. This increase has been driven by positive news coverage and has been reflected in the stock price movement on the same day. Investing in Granite Construction may be a wise choice at this time, as it has a long track record of success and has been recognized for its quality services and commitment to safety.
The company utilizes a diversified portfolio of construction services, including highway, bridge, and airport infrastructure, as well as specialty commercial and industrial construction services. Investors should be aware that insiders have sold their stocks recently, but this could still be a good opportunity to get in on the ground floor of an established company with a bright future.
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