Granite Construction secures $24 million contract, reaching a 52-week high
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2025
0mins
Should l Buy GVA?
Granite Construction Inc's stock rose by 3.65% and reached a 52-week high amid mixed market conditions, with the Nasdaq-100 down 0.39% and the S&P 500 up 0.15%.
The surge is attributed to Granite's recent announcement of a $24 million contract to transform the Perris South Metrolink Station, which aims to enhance service reliability and accommodate increased commuter demand. This project not only solidifies Granite's position in the infrastructure construction market but also showcases its strengths in rail projects, expected to support future growth.
This contract highlights Granite's strategic importance in infrastructure development, suggesting a positive outlook for the company's operations and potential for further business opportunities in the rail sector.
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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: 128.610
Low
108.08
Averages
119.04
High
130.00
Current: 128.610
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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Service Scope: The agreement outlines the services to be provided by the construction company involved in the project.
See More
