Granite Selected for $20 Million Highway Rehabilitation Project in California
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Granite "announced that it has been selected for a significant infrastructure project to rehabilitate an eight-mile stretch of U.S. Highway 101 near King City in Monterey County, California. This project, with an estimated cost of approximately $20 million, will receive federal funding and be included in Granite's first quarter CAP. This initiative will fix roadway issues by restoring pavement, extending service life, updating safety devices, repairing culverts, improving lighting, and enhancing traffic data collection."
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Analyst Views on GVA
Wall Street analysts forecast GVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GVA is 119.04 USD with a low forecast of 108.08 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 119.630
Low
108.08
Averages
119.04
High
130.00
Current: 119.630
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.
Granite Selected for Major Infrastructure Project on U.S. Highway 101
- Project Scale: Granite has been selected for the rehabilitation of an eight-mile stretch of U.S. Highway 101 in Monterey County, California, with an estimated cost of $20 million, backed by federal funding, showcasing the company's robust capabilities in infrastructure.
- Construction Timeline: The project is expected to commence in late Q1 2026 and be completed by Q1 2027, aiming to address roadway issues through pavement restoration, safety device updates, and improved traffic data collection, thereby extending service life.
- Material Supply: Granite's Coalinga Asphalt Plant will supply approximately 31,900 tons of Rubberized Hot Mix Asphalt and 5,930 tons of Hot Mix Asphalt for the project, ensuring high-quality materials and continuous supply, further solidifying the company's market position.
- Strategic Value: Granite's Vice President Larry Camilleri noted that this project reinforces the value created through the acquisition of Papich Construction, leveraging multi-regional capabilities and expertise to deliver high-quality, long-lasting infrastructure, enhancing community service capabilities.
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Granite to Release Financial Results for FY 2025 on February 12, 2026
- Earnings Release Schedule: Granite will release its financial results for the fiscal year ending December 31, 2025, before market opens on February 12, 2026, providing investors with critical financial data and future outlook.
- Investor Conference Call: The company will host an investor conference call at 8:00 a.m. PT on the same day, aimed at sharing financial results and addressing related questions, thereby enhancing transparency and investor confidence.
- Webcast and Replay Availability: Investors can listen to the live audio webcast of the conference call on Granite's Investor Relations website, with a replay available approximately one hour after the call, ensuring that those unable to attend live can still access the information.
- Company Background: Founded in 1922, Granite has become one of the largest diversified vertically-integrated civil contractors and construction materials producers in the U.S., continuously driving innovation and development in infrastructure through its high ethical standards and industry-leading safety and sustainability practices.
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