Victory Capital Management Increases Stake in Granite Construction Incorporated

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The company provides construction services for public works, transportation, water and wastewater, energy, and other projects. Their focus is on building infrastructure that will provide a better quality of life for generations to come. Granite Construction ($NYSE:GVA) has achieved success through a combination of hard work, innovative technologies and tools, and a collaborative approach to their projects. They have worked on projects ranging from high-end residential homes to large-scale commercial and industrial endeavors, showing their commitment to excellence in the construction field.

The increased investment from Victory Capital Management demonstrates the confidence that investors have in Granite Construction Incorporated’s ability to deliver quality results. With their impressive portfolio of projects and continued hard work, Granite Construction can look forward to positive returns in the future.

Market Price

In response to the news, GRANITE CONSTRUCTION stock opened at $39.5, but closed at a slightly lower price of $39.1, down by 0.4% from its closing price on Friday of 39.3. Although the stock dipped following the announcement, it may be a sign of investor confidence in the future of GRANITE CONSTRUCTION. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Granite Construction. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Granite Construction. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Granite Construction. More…

Key Ratios Snapshot

Some of the financial key ratios for Granite Construction are shown below. More…

Analysis

GoodWhale has performed an extensive analysis of GRANITE CONSTRUCTION‘s wellbeing. Our Star Chart shows that GRANITE CONSTRUCTION is strong in its asset and dividend, medium in its profitability, and weak in its growth. We also rate its health score a very high 8/10, indicating that it is well capable to pay off debt and fund future operations. Based on these metrics, we have classified GRANITE CONSTRUCTION as a ‘rhino’; a term we use to refer to companies that have achieved moderate revenue or earnings growth. Given these results, we believe that value investors, who look for companies that are undervalued in the stock market, may be interested in GRANITE CONSTRUCTION. The company’s strong asset and dividend, combined with its moderate revenue growth, make it an attractive investment option for those looking for long-term returns. Additionally, those interested in the construction industry could consider GRANITE CONSTRUCTION due to the company’s strong health status and ability to pay off debt. 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

Victory Capital Management Inc. recently increased its stock position in Granite Construction Incorporated, a company providing infrastructure solutions in the building and civil construction sectors. The investment analysis reveals that the company has strong fundamentals, demonstrated by its revenues, earnings, return on equity, and dividend payout ratios. Granite Construction also boasts a healthy balance sheet with significant liquidity. The company’s debt-to-equity ratio is low and its market capitalization is strong. Analysts also note that Granite Construction’s operating margins are above the industry average, providing potential investors with further confidence.

In addition, the company has a steady cash flow and offers attractive dividend yields. All factors considered, Granite Construction is well-positioned to deliver positive returns for investors.