Granite (GVA) Secures $66 Million Highway Improvement Contract from Caltrans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Should l Buy GVA?
Source: Businesswire
- Contract Value: Granite has been awarded a highway improvement contract valued at approximately $66 million by the California Department of Transportation, with funding sourced from federal and state levels, expected to be included in Granite's 2025 Q4 capital expenditures.
- Project Overview: The project will expand State Route 49 to four lanes with a center turn lane, aimed at enhancing safety, traffic flow, and local access, addressing significant congestion issues in the area.
- Safety Enhancements: The Nevada County Transportation Commission reported 59 collisions in this corridor over the past three years, with over half attributed to congestion; the addition of new travel lanes is expected to reduce accident rates and improve access for residents.
- Material Supply: Granite will supply 75,000 tons of Hot Mix Asphalt from its Bradshaw Hot Plant to ensure high-quality paving of the new roadway, reinforcing its leadership position in infrastructure construction through efficient delivery.
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 129.220
Low
108.08
Averages
119.04
High
130.00
Current: 129.220
Low
108.08
Averages
119.04
High
130.00
About GVA
Granite Construction Incorporated is a diversified construction and construction materials company in the United States as well as a full-suite civil construction provider. The Company's segments include Construction and Materials. The Construction segment is focused on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure/site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment is focused on production of aggregates, asphalt concrete, liquid asphalt and recycled materials production for internal use in its construction projects and for sale to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Service Scope: The agreement outlines the services to be provided by the construction company involved in the project.
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See More
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- Performance Highlights: Rogers reported $216.0 million in third-quarter sales, a 6.5% sequential increase, with gross margins expanding to 33.5%, showcasing strong performance driven by robust demand in electric vehicles and wireless infrastructure.
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See More
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- Project Selection: The Nevada Department of Transportation has selected Granite to provide preconstruction services for the I-80 East Widening Project, with a contract value of approximately $19 million, marking a significant milestone toward the anticipated $475 million construction phase.
- Funding Sources: The construction phase will be funded through a combination of $275 million from the USDOT INFRA Grant program and additional support from state and federal sources, highlighting the government's commitment to infrastructure investment.
- Collaborative Model: As the inaugural Progressive Design-Build (PDB) contractor, Granite will work closely with NDOT from the early design phases to optimize project sequencing and costs, which is expected to enhance overall project efficiency and performance.
- Economic Impact: The I-80 east corridor is a vital economic artery in Nevada, linking the Reno-Sparks area to a rapidly growing industrial center projected to generate 35,000 to 50,000 jobs over the next two decades, thereby further stimulating regional economic growth.
See More
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Construction Agreement: A construction agreement has been established for a project valued at approximately $19 million.
Service Scope: The agreement outlines the services to be provided by the construction company involved in the project.
See More
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- Quarterly Dividend Announcement: Granite Construction declares a quarterly dividend of $0.13 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Information: The forward yield of this dividend stands at 0.4%, reflecting the company's shareholder return strategy in the current market environment, aimed at attracting long-term investors.
- Payment Schedule: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring shareholders receive their returns promptly.
- Dividend Growth Potential: Granite Construction's dividend performance aligns with its historical growth trends, suggesting that the company may continue to maintain or increase dividends in the future to bolster investor confidence.
See More
Granite Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Granite's Board of Directors has declared a cash dividend of $0.13 per common share, reflecting the company's ongoing commitment to financial stability, which is likely to attract more investor interest.
- Dividend Payment Date: This dividend will be payable on April 15, 2026, to all shareholders of record as of March 31, 2026, ensuring shareholder returns and enhancing investor confidence in the company's financial health.
- Company Background: Founded in 1922, Granite has grown to become one of the largest diversified construction and construction materials companies in the United States, showcasing its leadership in the infrastructure sector and further solidifying its market share.
- Industry Leadership: As a leader in safety and sustainability, Granite's Code of Conduct and strong Core Values ensure high ethical standards, enhancing its brand image and competitive position in the market.
See More
