Granite Construction Inc (NYSE: GVA) kicked off on Tuesday, up 4.02% from the previous trading day, before settling in for the closing price of $87.82. Over the past 52 weeks, GVA has traded in a range of $43.92-$89.11.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 1.62%. While this was happening, its average annual earnings per share was recorded 207.47%. With a float of $43.29 million, this company’s outstanding shares have now reached $43.94 million.
The extent of productivity of a business whose workforce counts for 4100 workers is very important to gauge. In terms of profitability, gross margin is 13.02%, operating margin of 3.67%, and the pretax margin is 4.04%.
Granite Construction Inc (GVA) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Engineering & Construction Industry. The insider ownership of Granite Construction Inc is 0.96%, while institutional ownership is 110.36%. The most recent insider transaction that took place on Nov 05 ’24, was worth 2,678,400. In this transaction President & CEO of this company sold 30,000 shares at a rate of $89.28, taking the stock ownership to the 93,980 shares. Before that another transaction happened on Nov 05 ’24, when Company’s Officer proposed sale 30,000 for $89.28, making the entire transaction worth $2,678,407.
Granite Construction Inc (GVA) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.82 earnings per share (EPS), lower than consensus estimate (set at 0.88) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 207.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 128.90% growth over the previous five years of trading.
Granite Construction Inc (NYSE: GVA) Trading Performance Indicators
Take a look at Granite Construction Inc’s (GVA) current performance indicators. Last quarter, stock had a quick ratio of 1.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 13.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.05, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 5.10 in one year’s time.
Technical Analysis of Granite Construction Inc (GVA)
The latest stats from [Granite Construction Inc, GVA] show that its last 5-days average volume of 1.24 million was superior to 0.54 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 90.59%. Additionally, its Average True Range was 2.62.
During the past 100 days, Granite Construction Inc’s (GVA) raw stochastic average was set at 99.25%, which indicates a significant increase from 98.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.02% in the past 14 days, which was higher than the 23.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $79.34, while its 200-day Moving Average is $63.74. Now, the first resistance to watch is $92.86. This is followed by the second major resistance level at $94.36. The third major resistance level sits at $97.12. If the price goes on to break the first support level at $88.59, it is likely to go to the next support level at $85.83. Assuming the price breaks the second support level, the third support level stands at $84.32.
Granite Construction Inc (NYSE: GVA) Key Stats
The company with the Market Capitalisation of 3.99 billion has total of 43,713K Shares Outstanding. Its annual sales at the moment are 3,509 M in contrast with the sum of 43,600 K annual income. Company’s last quarter sales were recorded 1,276 M and last quarter income was 78,950 K.
