BofA update shows where active managers are putting money
Granite Construction Inc . (NYSE:GVA) stock reached a significant milestone, achieving an all-time high of 111.64 USD. According to InvestingPro data, the company maintains a "GREAT" financial health score, with analysts setting price targets between $122 and $125. This marks a notable performance for the company, which has seen a 51.13% increase in its stock price over the past year. The construction and engineering firm has been gaining investor confidence, reflected in its stock’s robust upward trajectory. The company has maintained dividend payments for 36 consecutive years, though InvestingPro analysis indicates the stock is currently in overbought territory. The recent high underscores the company’s strong market position and growth potential, capturing the attention of market analysts and investors alike. With 14 additional exclusive insights available on InvestingPro, investors can access comprehensive analysis including Fair Value estimates and growth projections.
In other recent news, Granite Construction Incorporated reported its Q2 2025 earnings, revealing an earnings per share (EPS) of $1.93, which surpassed the forecast of $1.66 by 16.27%. However, the company faced a revenue shortfall, with reported revenues of $1.13 billion falling short of the expected $1.16 billion, a 2.59% miss. Additionally, Granite announced that its subsidiary, Layne, secured a $13 million contract to construct two horizontal collector wells for the Lewis (JO:LEWJ) and Clark Regional Water System in South Dakota. This project is part of Granite’s third-quarter capital allocation plan. In another development, DA Davidson raised its price target for Granite Construction to $125 from $108, maintaining a Buy rating. The research firm highlighted recent acquisitions that boost the company’s materials and aggregates-derived revenue and profits. DA Davidson also noted Granite’s updated 2027 financial framework, indicating a promising earnings trajectory. These developments reflect Granite’s ongoing strategic initiatives and financial performance.
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