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December 18, 2012
08:35 EDTGVAGranite Construction still faces challenges, says Sterne Agee
After a consortium that includes Granite won a deal to replace New York's Tappan Zee Bridge, Sterne Agee believes that Granite remains challenged by excess construction capacity and a highly competitive bidding environment. The firm maintains an Underperform rating on the stock.
News For GVA From The Last 14 Days
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March 4, 2015
09:12 EDTGVAGranite Construction coverage transferred with a Buy at BB&T
Target $40.
February 27, 2015
08:03 EDTGVAGranite Construction reports Q4 EPS 43c, may not compare to consensus 70c
Reports Q4 revenue $589.8M, may not compare to consensus $713.96M. The company says, "Granite is positioned well to execute on our more than $2.7 billion of backlog, with several additional awards pending for the first quarter. In 2014, our margins improved in all segments of our business. We expect to grow revenue steadily in the current environment, and we are confident that additional margin improvement in 2015 will be aligned to continued efficiency gains."
February 20, 2015
10:01 EDTGVAOn The Fly: Analyst Downgrade Summary
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05:42 EDTGVAGranite Construction downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Granite Construction to Neutral saying increased competition could slow the company's margin growth. Goldman cut its price target for shares to $42 from $47.

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