GRANITE CONSTRUCTION INC (GVA)

Granite Construction, Inc. is a holding company. It operates as an infrastructure contractor and a construction materials company in the United States. It operates through the following segments: Construction and Materials. The Construction segment is involved in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was founded in 1922 and is headquartered in Watsonville, CA.

Address

585 WEST BEACH ST
WATSONVILLE, CA 95076

Founded

1922

Number of Employees

4,100

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$5,164 $3,840 $5,221 $6,977 $6,579 $33,987 $886 $2,760 $70,843 $4,125 $21,137 $14,684
Average Price $38.25 $33.36 $44.92 $49.81 $58.49 $25.15 $14.62 $40.25 $29.85 $40.28 $57.66 $32.68
# Shares Purchased 135,028 115,105 116,219 140,070 112,476 1,351,591 60,604 68,580 2,373,656 102,413 366,567 449,301
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 98.7% 127.8% 69.2% 52.6% 29.9% 202.2% 420.0% 88.8% 154.6% 88.7% 31.8% 132.6%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -83.1% -45.2% -99.4% -77.2% -74.9% 109.1% 345.1% 57.2% 117.4% 57.4% 24.4% 38.6%
Quartile Rank
Percentile Rank 58% 65% 53% 56% 50% 88% 97% 88% 96% 94% 90% 88%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.