Denison Mines announces $250 million convertible notes offering
In a recent filing with the Securities and Exchange Commission, Granite Construction Inc . (NYSE:GVA) disclosed that its Executive Vice President and Chief Operating Officer, James A. Radich, sold 2,500 shares of the company’s common stock. The transaction, which was executed on February 20, was carried out at a price of $87.14 per share, resulting in a total value of $217,850. The sale comes as GVA shares have delivered an impressive 74.8% return over the past year, according to InvestingPro data.
The sale was conducted automatically under a Rule 10b5-1 trading plan that Radich had adopted on November 13, 2024. Following this transaction, Radich retains ownership of 28,256.29 shares in Granite Construction. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks.
Granite Construction, with its headquarters in Watsonville, California, is a prominent player in the heavy construction industry, engaging in various infrastructure projects across the United States. The company, currently valued at $3.68 billion, has maintained dividend payments for 35 consecutive years and achieved 14.2% revenue growth in the last twelve months, demonstrating strong operational performance.
In other recent news, Granite Construction reported its Q4 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $1.23, compared to the forecasted $1.17. The company’s revenue for the quarter slightly exceeded expectations, reaching $977 million, while full-year 2024 revenue increased by 14% to $4 billion. Granite Construction’s gross profit surged 44% to $573 million, driven by improved margins and operational efficiencies. The company also plans to complete 2-3 mergers and acquisitions in 2025, signaling a focus on strategic growth. Analyst firms have not provided any recent upgrades or downgrades for Granite Construction. Despite the strong financial performance, Granite Construction’s stock experienced a decline of 0.71% in pre-market trading. Looking ahead, the company projects revenue between $4.2 billion and $4.4 billion for 2025, with an organic growth target of 6-8%.
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