Granite Construction (GVA) Secures $66 Million Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Should l Buy GVA?
Source: Yahoo Finance
- Contract Value: Granite Construction announced the acquisition of a $66 million contract, which will significantly boost the company's revenue growth and further solidify its market position in the construction industry.
- Project Context: The securing of this contract highlights Granite Construction's successful business expansion in a competitive market, expected to enhance the company's operational capabilities and market share.
- Financial Impact: The $66 million contract will notably improve Granite Construction's financial performance, anticipated to have a positive effect on the company's revenue and profits in the coming quarters.
- Strategic Significance: By successfully obtaining this contract, Granite Construction not only enhances its brand influence but also lays the groundwork for future projects, demonstrating the company's ongoing competitiveness in the industry.
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GVA is 119.04 USD with a low forecast of 108.08 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 125.830
Low
108.08
Averages
119.04
High
130.00
Current: 125.830
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.
Granite Selected for Major Infrastructure Project on U.S. Highway 101
- Project Scale: Granite has been selected for the rehabilitation of an eight-mile stretch of U.S. Highway 101 in Monterey County, California, with an estimated cost of $20 million, backed by federal funding, showcasing the company's robust capabilities in infrastructure.
- Construction Timeline: The project is expected to commence in late Q1 2026 and be completed by Q1 2027, aiming to address roadway issues through pavement restoration, safety device updates, and improved traffic data collection, thereby extending service life.
- Material Supply: Granite's Coalinga Asphalt Plant will supply approximately 31,900 tons of Rubberized Hot Mix Asphalt and 5,930 tons of Hot Mix Asphalt for the project, ensuring high-quality materials and continuous supply, further solidifying the company's market position.
- Strategic Value: Granite's Vice President Larry Camilleri noted that this project reinforces the value created through the acquisition of Papich Construction, leveraging multi-regional capabilities and expertise to deliver high-quality, long-lasting infrastructure, enhancing community service capabilities.
See More
Granite to Release Financial Results for FY 2025 on February 12, 2026
- Earnings Release Schedule: Granite will release its financial results for the fiscal year ending December 31, 2025, before market opens on February 12, 2026, providing investors with critical financial data and future outlook.
- Investor Conference Call: The company will host an investor conference call at 8:00 a.m. PT on the same day, aimed at sharing financial results and addressing related questions, thereby enhancing transparency and investor confidence.
- Webcast and Replay Availability: Investors can listen to the live audio webcast of the conference call on Granite's Investor Relations website, with a replay available approximately one hour after the call, ensuring that those unable to attend live can still access the information.
- Company Background: Founded in 1922, Granite has become one of the largest diversified vertically-integrated civil contractors and construction materials producers in the U.S., continuously driving innovation and development in infrastructure through its high ethical standards and industry-leading safety and sustainability practices.
See More
Granite (GVA) Selected for $157M Tucson Project
- Project Partnership: Granite, as the lead partner in the Granite-Traylor Joint Venture, has been selected by the City of Tucson for the $157 million 22nd Street Widening and Bridge Replacement Project, showcasing the company's competitiveness in large infrastructure projects.
- Funding Sources: The project is funded by the city, regional authority, and a $25 million RAISE grant, ensuring financial stability for the project and aiding Granite's robust growth in future financial performance.
- Project Scope: The 22nd Street will be rebuilt from Kino Parkway to Tucson Boulevard, with the existing 4-lane bridge being replaced by a modern 6-lane structure, significantly improving traffic flow and enhancing regional transportation efficiency.
- Future Planning: This project will be included in Granite's Q4 2025 capital plan, indicating the company's commitment to future infrastructure investments and laying a foundation for long-term growth.
See More
Granite (GVA) Secures $66 Million Highway Improvement Contract in California
- Significant Contract Value: Granite has been awarded a $66 million highway improvement contract by the California Department of Transportation, which will expand State Route 49 to four lanes, enhancing safety and reducing congestion.
- Diverse Funding Sources: The funding for this project will come from federal and state sources and is expected to be included in Granite's fourth-quarter 2025 capital appropriation plan, ensuring smooth project execution.
- Comprehensive Project Scope: The contract encompasses drainage improvements, accessibility upgrades, a truck climbing lane, and a wildlife crossing culvert, aimed at significantly enhancing road efficiency and safety.
- Positive Future Outlook: Granite anticipates that this project will drive organic growth in 2025 and beyond while boosting its adjusted EBITDA margin outlook, further solidifying its market position.
See More
Granite Construction (GVA) Secures $66 Million Contract
- Contract Value: Granite Construction announced the acquisition of a $66 million contract, which will significantly boost the company's revenue growth and further solidify its market position in the construction industry.
- Project Context: The securing of this contract highlights Granite Construction's successful business expansion in a competitive market, expected to enhance the company's operational capabilities and market share.
- Financial Impact: The $66 million contract will notably improve Granite Construction's financial performance, anticipated to have a positive effect on the company's revenue and profits in the coming quarters.
- Strategic Significance: By successfully obtaining this contract, Granite Construction not only enhances its brand influence but also lays the groundwork for future projects, demonstrating the company's ongoing competitiveness in the industry.
See More
Granite (GVA) Secures $66 Million Highway Improvement Contract from Caltrans
- 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.
See More
Granite Selected for Major Infrastructure Project on U.S. Highway 101
- Project Scale: Granite has been selected for the rehabilitation of an eight-mile stretch of U.S. Highway 101 in Monterey County, California, with an estimated cost of $20 million, backed by federal funding, showcasing the company's robust capabilities in infrastructure.
- Construction Timeline: The project is expected to commence in late Q1 2026 and be completed by Q1 2027, aiming to address roadway issues through pavement restoration, safety device updates, and improved traffic data collection, thereby extending service life.
- Material Supply: Granite's Coalinga Asphalt Plant will supply approximately 31,900 tons of Rubberized Hot Mix Asphalt and 5,930 tons of Hot Mix Asphalt for the project, ensuring high-quality materials and continuous supply, further solidifying the company's market position.
- Strategic Value: Granite's Vice President Larry Camilleri noted that this project reinforces the value created through the acquisition of Papich Construction, leveraging multi-regional capabilities and expertise to deliver high-quality, long-lasting infrastructure, enhancing community service capabilities.
See More
Granite to Release Financial Results for FY 2025 on February 12, 2026
- Earnings Release Schedule: Granite will release its financial results for the fiscal year ending December 31, 2025, before market opens on February 12, 2026, providing investors with critical financial data and future outlook.
- Investor Conference Call: The company will host an investor conference call at 8:00 a.m. PT on the same day, aimed at sharing financial results and addressing related questions, thereby enhancing transparency and investor confidence.
- Webcast and Replay Availability: Investors can listen to the live audio webcast of the conference call on Granite's Investor Relations website, with a replay available approximately one hour after the call, ensuring that those unable to attend live can still access the information.
- Company Background: Founded in 1922, Granite has become one of the largest diversified vertically-integrated civil contractors and construction materials producers in the U.S., continuously driving innovation and development in infrastructure through its high ethical standards and industry-leading safety and sustainability practices.
See More
Granite (GVA) Selected for $157M Tucson Project
- Project Partnership: Granite, as the lead partner in the Granite-Traylor Joint Venture, has been selected by the City of Tucson for the $157 million 22nd Street Widening and Bridge Replacement Project, showcasing the company's competitiveness in large infrastructure projects.
- Funding Sources: The project is funded by the city, regional authority, and a $25 million RAISE grant, ensuring financial stability for the project and aiding Granite's robust growth in future financial performance.
- Project Scope: The 22nd Street will be rebuilt from Kino Parkway to Tucson Boulevard, with the existing 4-lane bridge being replaced by a modern 6-lane structure, significantly improving traffic flow and enhancing regional transportation efficiency.
- Future Planning: This project will be included in Granite's Q4 2025 capital plan, indicating the company's commitment to future infrastructure investments and laying a foundation for long-term growth.
See More
Granite (GVA) Secures $66 Million Highway Improvement Contract in California
- Significant Contract Value: Granite has been awarded a $66 million highway improvement contract by the California Department of Transportation, which will expand State Route 49 to four lanes, enhancing safety and reducing congestion.
- Diverse Funding Sources: The funding for this project will come from federal and state sources and is expected to be included in Granite's fourth-quarter 2025 capital appropriation plan, ensuring smooth project execution.
- Comprehensive Project Scope: The contract encompasses drainage improvements, accessibility upgrades, a truck climbing lane, and a wildlife crossing culvert, aimed at significantly enhancing road efficiency and safety.
- Positive Future Outlook: Granite anticipates that this project will drive organic growth in 2025 and beyond while boosting its adjusted EBITDA margin outlook, further solidifying its market position.
See More
Granite Construction (GVA) Secures $66 Million Contract
- Contract Value: Granite Construction announced the acquisition of a $66 million contract, which will significantly boost the company's revenue growth and further solidify its market position in the construction industry.
- Project Context: The securing of this contract highlights Granite Construction's successful business expansion in a competitive market, expected to enhance the company's operational capabilities and market share.
- Financial Impact: The $66 million contract will notably improve Granite Construction's financial performance, anticipated to have a positive effect on the company's revenue and profits in the coming quarters.
- Strategic Significance: By successfully obtaining this contract, Granite Construction not only enhances its brand influence but also lays the groundwork for future projects, demonstrating the company's ongoing competitiveness in the industry.
See More
Granite (GVA) Secures $66 Million Highway Improvement Contract from Caltrans
- 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.
See More
