Granite Selected for I-80 East Widening Preconstruction Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy GVA?
Source: Newsfilter
- Project Selection: The Nevada Department of Transportation has selected Granite to provide preconstruction services for the I-80 East Widening Project, with a contract value of approximately $19 million, marking a significant milestone toward the anticipated $475 million construction phase.
- Funding Sources: The construction phase will be funded through a combination of $275 million from the USDOT INFRA Grant program and additional support from state and federal sources, highlighting the government's commitment to infrastructure investment.
- Collaborative Model: As the inaugural Progressive Design-Build (PDB) contractor, Granite will work closely with NDOT from the early design phases to optimize project sequencing and costs, which is expected to enhance overall project efficiency and performance.
- Economic Impact: The I-80 east corridor is a vital economic artery in Nevada, linking the Reno-Sparks area to a rapidly growing industrial center projected to generate 35,000 to 50,000 jobs over the next two decades, thereby further stimulating regional economic growth.
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 129.220
Low
108.08
Averages
119.04
High
130.00
Current: 129.220
Low
108.08
Averages
119.04
High
130.00
About GVA
Granite Construction Incorporated is a diversified construction and construction materials company in the United States as well as a full-suite civil construction provider. The Company's segments include Construction and Materials. The Construction segment is focused on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure/site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment is focused on production of aggregates, asphalt concrete, liquid asphalt and recycled materials production for internal use in its construction projects and for sale to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Selection: The Nevada Department of Transportation has selected Granite to provide preconstruction services for the I-80 East Widening Project, with a contract value of approximately $19 million, marking a significant milestone toward the anticipated $475 million construction phase.
- Funding Sources: The construction phase will be funded through a combination of $275 million from the USDOT INFRA Grant program and additional support from state and federal sources, highlighting the government's commitment to infrastructure investment.
- Collaborative Model: As the inaugural Progressive Design-Build (PDB) contractor, Granite will work closely with NDOT from the early design phases to optimize project sequencing and costs, which is expected to enhance overall project efficiency and performance.
- Economic Impact: The I-80 east corridor is a vital economic artery in Nevada, linking the Reno-Sparks area to a rapidly growing industrial center projected to generate 35,000 to 50,000 jobs over the next two decades, thereby further stimulating regional economic growth.
See More
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Service Scope: The agreement outlines the services to be provided by the construction company involved in the project.
See More
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- Performance Highlights: Rogers reported $216.0 million in third-quarter sales, a 6.5% sequential increase, with gross margins expanding to 33.5%, showcasing strong performance driven by robust demand in electric vehicles and wireless infrastructure.
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- Quarter-End Valuation Decline: This transaction resulted in a $29.11 million decline in the value of ACK's Centuri holdings at the end of the fourth quarter, reflecting concerns about the company's growth potential despite its strong performance.
- Strong Performance Yet Skepticism: Although Centuri posted record quarterly revenue of $850 million in November 2026, up 18.1% year-over-year, ACK's exit suggests a lack of confidence in the company's valuation and sustainable returns, potentially impacting investor sentiment.
- Market Performance Comparison: Centuri's shares rose 45.9% over the past year, significantly outperforming the S&P 500 by 33 percentage points; however, ACK's exit may prompt a reevaluation of the company's future performance in light of ongoing demand for infrastructure modernization.
See More
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- Project Selection: The Nevada Department of Transportation has selected Granite to provide preconstruction services for the I-80 East Widening Project, with a contract value of approximately $19 million, marking a significant milestone toward the anticipated $475 million construction phase.
- Funding Sources: The construction phase will be funded through a combination of $275 million from the USDOT INFRA Grant program and additional support from state and federal sources, highlighting the government's commitment to infrastructure investment.
- Collaborative Model: As the inaugural Progressive Design-Build (PDB) contractor, Granite will work closely with NDOT from the early design phases to optimize project sequencing and costs, which is expected to enhance overall project efficiency and performance.
- Economic Impact: The I-80 east corridor is a vital economic artery in Nevada, linking the Reno-Sparks area to a rapidly growing industrial center projected to generate 35,000 to 50,000 jobs over the next two decades, thereby further stimulating regional economic growth.
See More
Granite Construction Inc. Secures Approximately $19 Million Preconstruction Services Contract
Construction Agreement: A construction agreement has been established for a project valued at approximately $19 million.
Service Scope: The agreement outlines the services to be provided by the construction company involved in the project.
See More
Granite Construction Declares Quarterly Dividend
- Quarterly Dividend Announcement: Granite Construction declares a quarterly dividend of $0.13 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Information: The forward yield of this dividend stands at 0.4%, reflecting the company's shareholder return strategy in the current market environment, aimed at attracting long-term investors.
- Payment Schedule: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring shareholders receive their returns promptly.
- Dividend Growth Potential: Granite Construction's dividend performance aligns with its historical growth trends, suggesting that the company may continue to maintain or increase dividends in the future to bolster investor confidence.
See More
Granite Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Granite's Board of Directors has declared a cash dividend of $0.13 per common share, reflecting the company's ongoing commitment to financial stability, which is likely to attract more investor interest.
- Dividend Payment Date: This dividend will be payable on April 15, 2026, to all shareholders of record as of March 31, 2026, ensuring shareholder returns and enhancing investor confidence in the company's financial health.
- Company Background: Founded in 1922, Granite has grown to become one of the largest diversified construction and construction materials companies in the United States, showcasing its leadership in the infrastructure sector and further solidifying its market share.
- Industry Leadership: As a leader in safety and sustainability, Granite's Code of Conduct and strong Core Values ensure high ethical standards, enhancing its brand image and competitive position in the market.
See More
