Granite Construction Incorporated Stock Analysis

Granite Stock Analysis Notes

About 99.0% of the company shares are owned by institutional investors. The book value of Granite Construction was currently reported as 22.24. The company last dividend was issued on the 27th of March 2024. Granite Construction had 3:2 split on the 16th of April 2001. Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California. Granite Construction operates under Engineering Construction classification in the United States and is traded on New York Stock Exchange. It employs 1900 people. To learn more about Granite Construction Incorporated call James Roberts at 831 724 1011 or check out https://www.graniteconstruction.com.

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Granite Construction Thematic Classifications

Granite Stock Institutional Investors

Note, although Granite Construction's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Granite Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 2.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Granite Construction's market, we take the total number of its shares issued and multiply it by Granite Construction's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Granite Profitablity

The company has Net Profit Margin of 0.01 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average.

Management Efficiency

Granite Construction has Return on Asset of 0.0141 % which means that on every $100 spent on assets, it made $0.0141 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0294 %, implying that it generated $0.0294 on every 100 dollars invested. Granite Construction's management efficiency ratios could be used to measure how well Granite Construction manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.09, whereas Return On Tangible Assets are forecasted to decline to 0.02. At present, Granite Construction's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 68.3 M, whereas Total Assets are forecasted to decline to about 1.4 B.

Technical Drivers

As of the 18th of April 2024, Granite Construction retains the market risk adjusted performance of 0.1689, and Risk Adjusted Performance of 0.1022. Granite Construction technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Granite Construction, which can be compared to its competitors. Please check out Granite Construction jensen alpha, semi variance, and the relationship between the standard deviation and value at risk to decide if Granite Construction is priced fairly, providing market reflects its last-minute price of 53.68 per share. Given that Granite Construction Incorporated has jensen alpha of 0.1495, we strongly advise you to confirm Granite Construction's regular market performance to make sure the company can sustain itself at a future point.

Granite Construction Price Movement Analysis

Granite Construction Insider Trading Activities

Granite Construction Predictive Daily Indicators

Granite Construction Corporate Filings

Granite Construction Forecast Models

Granite Construction's time-series forecasting models are one of many Granite Construction's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Granite Construction's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Granite Construction prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Granite shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Granite Construction. By using and applying Granite Stock analysis, traders can create a robust methodology for identifying Granite entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Granite analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Granite analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Granite Construction Incorporated stock analysis indicators help investors evaluate how Granite Construction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Granite Construction shares will generate the highest return on investment. By understating and applying Granite Construction stock analysis, traders can identify Granite Construction position entry and exit signals to maximize returns.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.

Is Granite Construction's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Construction. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.