Granite Construction, Inc. (GVA) - NYSE
  • Jul. 2, 2014, 12:39 PM
    • Shares of companies that rely on federal infrastructure investment are lower after the Obama administration warns that federal funding for bridge and highway repair would be curtailed beginning Aug. 1 without congressional action.
    • The current two-year law authorizing federal road spending expires in September, a deadline that can be extended.
    • Martin Marietta (MLM), which announced earlier that it had completed its acquisition of Texas Industries, -2.9%; also, EXP -1.6%, VMC -1.3%, GVA -0.9%.
    | Jul. 2, 2014, 12:39 PM | 9 Comments
  • Apr. 4, 2014, 10:40 AM
    • Holcim (HCMLF +2.4%) and Lafarge (LFRGY +6.7%), the world’s two largest cement makers, are exploring a potential merger of equals that would create a company with a combined market value of more than $50B, Bloomberg reports.
    • Holcim and Lafarge combining would allow the companies to cut production costs by melding production capabilities and cutting excess capacity, but  a merger could face heavy antitrust issues from multiple governments.
    • Peers are rising on the news: CX +4.2%, VMC +2.1%, MLM +3.4%, CRH +2.8%, GVA +0.3%.
    | Apr. 4, 2014, 10:40 AM
  • Jan. 3, 2014, 11:58 AM
    • More on Joy Global's (JOY -1.5%) downgrade to Sell at Goldman Sachs: The firm sees "significant commodity and equipment over-supply driving medium-term growth headwinds," and expects mining capex budgets will remain under pressure longer than the stock is discounting today, trading at a 30%-40% premium to machinery peers on 2014-15 P/E.
    • Other global machinery makers are showing minimal movement: CAT -0.1%, EXP +0.8%, GVA +0.2%, DE +0.4%.
    | Jan. 3, 2014, 11:58 AM | 3 Comments
  • Feb. 28, 2013, 12:53 PM
    Midday top 10 gainers: RNIN +65%. IFMI +60%. HGSH +23%. ANIK +18%. FSGI +17%. PANL +16%. LTBR +16%. ZGNX +15%. FARO +14%. ATSG +13%.
    Midday top 10 losers: PKT -29%. BSFT -28%. IMH -20%. GRPN -19%. JCP -15%. FREE -12%. AMBO -12%. GVA -11%. TEO -11%. DVR -11%.
    | Feb. 28, 2013, 12:53 PM
  • Aug. 29, 2011, 1:41 PM
    Civil contractor Granite Construction (GVA +9.7%) gains on a BB&T valuation upgrade to buy. The firm says that despite the company's tough business outlook, the stock is trading below tangible book and offers "an attractive long-term opportunity."
    | Aug. 29, 2011, 1:41 PM
  • Aug. 8, 2011, 12:49 PM

    Share of Granite Construction (GVA -5.5%) fall after Goldman lowers its price target to $22 from $25, and maintains a Sell rating. The firm also lowers its EPS projections for the infrastructure builder looking forward: FY11 $1.00 vs. $1.10, FY12 $1.20 vs. $1.40, FY13 $1.50 vs. $1.70.

    | Aug. 8, 2011, 12:49 PM
Company Description
Granite Construction, Inc. operates as a contractor and construction materials producer in the U.S. The company operates through the following segments: Construction, Large Project Construction, Construction Materials and Real Estate. The Construction segment performs various heavy civil... More
Industry: Heavy Construction
Country: United States