Granite Construction Incorporated (NYSE:GVA) traded at a new 52-week high today of $40.75. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 361,000 shares.
Granite Construction Inc delivers infrastructure solutions for public and private clients in North America. It primarily focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy progress, and other facilities. Granite has three operating segments: construction, large project construction, and construction materials. It owns and leases various plant facilities to produce construction materials to sell to third parties, and for internal use. The company is one of the largest diversified heavy civil contractors and construction materials producers in the United States.
Based on a current price of $40.25, Granite Construction Incorporated is currently 65.8% above its average consensus analyst price target of $13.76.
Over the past year, Granite Construction Incorporated has traded in a range of $8.90 to $40.75 and is now at $40.25, 352% above that low.
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