Granite Construction Incorporated Stock Buy Hold or Sell Recommendation
| GVA Stock | USD 54.90 1.32 2.46% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Granite Construction Incorporated is 'Strong Buy'. Macroaxis provides Granite Construction buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GVA positions. The advice algorithm takes into account all of Granite Construction's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Granite Construction's buy or sell advice are summarized below:
Real Value 55.8 | Target Price 50 | Hype Value 53.65 | Market Value 54.9 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Granite Construction Incorporated given historical horizon and risk tolerance towards Granite Construction. When Macroaxis issues a 'buy' or 'sell' recommendation for Granite Construction Incorporated, the advice is generated through an automated system that utilizes algorithms and statistical models.
Granite |
Execute Granite Construction Buy or Sell Advice
The Granite recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Granite Construction Incorporated. Macroaxis does not own or have any residual interests in Granite Construction Incorporated or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Granite Construction's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Granite Construction Trading Alerts and Improvement Suggestions
| Over 99.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Granite Construction paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Financial Analysis Granite Construction vs. Shimmick - Defense World |
Granite Construction Returns Distribution Density
The distribution of Granite Construction's historical returns is an attempt to chart the uncertainty of Granite Construction's future price movements. The chart of the probability distribution of Granite Construction daily returns describes the distribution of returns around its average expected value. We use Granite Construction Incorporated price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Granite Construction returns is essential to provide solid investment advice for Granite Construction.
| Mean Return | 0.26 | Value At Risk | -1.67 | Potential Upside | 2.38 | Standard Deviation | 1.41 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Granite Construction historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Granite Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Granite Construction is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Granite Construction Incorporated backward and forwards among themselves. Granite Construction's institutional investor refers to the entity that pools money to purchase Granite Construction's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2023-12-31 | 937.7 K | Bank Of Montreal | 2023-12-31 | 873.4 K | Bmo Capital Markets Corp. | 2023-12-31 | 873.4 K | Bank Of New York Mellon Corp | 2023-12-31 | 857.6 K | Franklin Resources Inc | 2023-12-31 | 845.5 K | Boston Partners Global Investors, Inc | 2023-12-31 | 698.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 673.5 K | Deprince Race & Zollo Inc | 2023-12-31 | 669.2 K | Mizuho Markets Americas Llc | 2023-12-31 | 654.7 K | Blackrock Inc | 2023-12-31 | 7.2 M | Vanguard Group Inc | 2023-12-31 | 4.9 M |
Granite Construction Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Granite Construction or Construction & Engineering sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Granite Construction's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Granite stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.15 | |
β | Beta against NYSE Composite | 1.27 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | 0.12 |
Granite Construction Volatility Alert
Granite Construction Incorporated has relatively low volatility with skewness of -0.01 and kurtosis of 0.08. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Granite Construction's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Granite Construction's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Granite Construction Fundamentals Vs Peers
Comparing Granite Construction's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Granite Construction's direct or indirect competition across all of the common fundamentals between Granite Construction and the related equities. This way, we can detect undervalued stocks with similar characteristics as Granite Construction or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Granite Construction's fundamental indicators could also be used in its relative valuation, which is a method of valuing Granite Construction by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Granite Construction to competition |
| Fundamentals | Granite Construction | Peer Average |
| Return On Equity | 0.0294 | -0.31 |
| Return On Asset | 0.0141 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | 0 % | (5.51) % |
| Current Valuation | 2.51 B | 16.62 B |
| Shares Outstanding | 43.97 M | 571.82 M |
| Shares Owned By Insiders | 0.89 % | 10.09 % |
| Shares Owned By Institutions | 99.11 % | 39.21 % |
| Number Of Shares Shorted | 4.16 M | 4.71 M |
| Price To Earning | 33.49 X | 28.72 X |
| Price To Book | 2.49 X | 9.51 X |
| Price To Sales | 0.69 X | 11.42 X |
| Revenue | 3.51 B | 9.43 B |
| Gross Profit | 369.49 M | 27.38 B |
| EBITDA | 143.99 M | 3.9 B |
| Net Income | 43.6 M | 570.98 M |
| Cash And Equivalents | 293.99 M | 2.7 B |
| Cash Per Share | 11.02 X | 5.01 X |
| Total Debt | 735.09 M | 5.32 B |
| Debt To Equity | 0.33 % | 48.70 % |
| Current Ratio | 1.52 X | 2.16 X |
| Book Value Per Share | 22.24 X | 1.93 K |
| Cash Flow From Operations | 183.71 M | 971.22 M |
| Short Ratio | 11.23 X | 4.00 X |
| Earnings Per Share | 0.97 X | 3.12 X |
| Price To Earnings To Growth | 5.56 X | 4.89 X |
| Target Price | 62.8 | |
| Number Of Employees | 2.1 K | 18.84 K |
| Beta | 1.47 | -0.15 |
| Market Capitalization | 2.36 B | 19.03 B |
| Total Asset | 2.81 B | 29.47 B |
| Retained Earnings | 501.84 M | 9.33 B |
| Working Capital | 613.57 M | 1.48 B |
Note: Disposition of 3289 shares by Kyle Larkin of Granite Construction at 54.44 subject to Rule 16b-3 [view details]
Granite Construction Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Granite . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 6438.8 | |||
| Daily Balance Of Power | 0.9778 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 54.54 | |||
| Day Typical Price | 54.66 | |||
| Price Action Indicator | 1.02 | |||
| Period Momentum Indicator | 1.32 |
About Granite Construction Buy or Sell Advice
When is the right time to buy or sell Granite Construction Incorporated? Buying financial instruments such as Granite Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 372.8M | 320.6M | 735.1M | 771.8M | Total Assets | 2.5B | 2.2B | 2.8B | 1.4B |
Use Investing Ideas to Build Portfolios
In addition to having Granite Construction in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies making data storages or providing data storage services. The Data Storage theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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Check out Granite Construction Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
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Is Granite Construction's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Construction. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.295 | Dividend Share 0.52 | Earnings Share 0.97 | Revenue Per Share 79.973 | Quarterly Revenue Growth 0.183 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.