Denison Mines announces $250 million convertible notes offering
In recent transactions, Molly Campbell, a director at Granite Construction Inc . (NYSE:GVA), sold a total of 2,070 shares of the company’s common stock. The construction company, which InvestingPro data shows has maintained dividend payments for 35 consecutive years, currently trades near its Fair Value according to InvestingPro’s analysis. The sales, which took place on March 12, were executed at prices ranging from $72.54 to $72.78 per share, resulting in a total value of $150,222.
Following these transactions, Campbell holds 10,989 shares. The sales were made to cover personal income tax liabilities, as noted in the filing.
In other recent news, Granite Construction reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.23, surpassing the forecasted $1.17. The company also reported revenues of $977 million, slightly above the anticipated $976.76 million. For the full year, Granite’s revenue increased by 14% to $4 billion, with a gross profit surge of 44% to $573 million. Additionally, Granite Construction and Obayashi Corporation secured a $97 million contract from the Naval Facilities Engineering Command to enhance the Battery Energy Storage System at Polaris (NYSE:PII) Point, Guam. This project is part of Granite’s strategic expansion in battery energy storage and microgrid solutions. Looking ahead, Granite plans to complete 2-3 mergers and acquisitions in 2025, with projected revenue between $4.2 billion and $4.4 billion. Analyst firms have not provided any recent upgrades or downgrades for Granite Construction. These developments highlight Granite’s continued growth and strategic positioning within the industry.
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