Track market-moving stories before they get noisy

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded a progressive design build (PDB) contract by the University of Washington (UW) for the Burke-Gilman Trail Transit Access, Safety Efficiency Improvements Project. The total construction value is approximately $12.3 million. The project was included in Granite's second quarter 2026 CAP. The Burke-Gilman Trail is a popular recreational trail stretching roughly 20 miles through Seattle. The project wil.

Key Takeaways EME's RPOs were $17.14B, up 44% y/y, led by broad-based customer demand.GVA's CAP rose to $7.4B, while data center-related projects climbed to $223 million.EME has stronger 2026 EPS growth expectations, while GVA is projected to grow earnings faster in 2027. The U.S. construction and infrastructure landscape continues to benefit from sustained demand across public and private markets, with opportunities spanning transportation infrastructure, data center construction, AI and digital infrastructure, industrial projects, and other mission-critical developments. Against this backdrop, EMCOR Group, Inc. (EME - Free Report) and Granite Construction Incorporated (GVA - Free Report) are well-positioned to capitalize on attractive end markets through broad, diversified growth platforms, strong customer relationships and proven project execution.

While both companies emphasize disciplined execution, customer service and long-term growth, their operating focus differs. EMCOR brings capabilities across electrical construction, mechanical construction, Building Services and Industrial Services, supported by prefabrication, VDC and technical expertise. Granite, meanwhile, leverages its geographically diverse home markets, crews, people, equipment and expertise across transportation, data center site development, federal projects and other infrastructure markets. Both are expanding their capabilities and deepening relationships with strategic clients as project complexity and demand continue to evolve.

Let us dive deep and closely compare the fundamentals of the two construction stocks to determine which is a better investment now.

The Case for EME StockThis Connecticut-based infrastructure service provider is benefiting from strong performance across all reportable segments, supported by higher activity in network and communications, institutional, manufacturing and industrial, and warehousing and distribution. EMCOR is also strengthening its growth visibility through a record remaining performance obligations (RPO) position. At the end of the second quarter of 2026, RPOs reached $17.14 billion, up 44% year over year and 10% sequentially, with 95% of the increase coming organically. Strong bookings across network and communications, water and wastewater, healthcare, and institutional markets contributed to the expansion, reflecting broad-based customer demand across multiple end markets.

Growing investment in data center infrastructure is creating opportunities across EMCOR’s Electrical and Mechanical Construction businesses. In the second quarter of 2026, electrical revenues from network and communications increased 45% year over year, while mechanical revenues in the market more than doubled. The increasing size and complexity of AI-related facilities is also expanding the scope of work available to EMCOR, as higher power requirements and greater cooling needs increase the value of electrical and mechanical services. Beyond data centers, strong activity across institutional, commercial, manufacturing and industrial markets, along with opportunities in healthcare and water and wastewater, is providing additional avenues for growth.

However, the company’s expanding project pipeline also brings execution and integration considerations as EMCOR manages increasingly complex projects and incorporates recently acquired businesses into its operations. Differences in activity across end markets can also influence the timing and mix of projects, while the company continues to navigate the requirements associated with expanding its capabilities and customer relationships.

Looking ahead, EMCOR’s strategic acquisitions should broaden its electrical and industrial capabilities and strengthen its presence across selected geographic markets. The acquired businesses also provide opportunities to enter data center projects through existing customer relationships and technical expertise, while continued investment in AI infrastructure, digital transformation, healthcare, manufacturing, logistics and water-related projects should support the company’s project pipeline and create multiple avenues for long-term growth.

The Case for GVA StockThis Arizona-based infrastructure construction company is benefiting from a healthy public and private market environment, with demand spanning publicly funded transportation infrastructure, data center site development, federal projects, rail and transit infrastructure, and manufacturing. Granite is building on this backdrop through its geographically diverse home markets, crews, people, equipment and expertise. In the second quarter of 2026, Construction segment revenues rose 29% year over year, supported by record project opportunities and strong execution across its geographic markets.

Granite’s Committed Awarded Projects (CAP) increased by $250 million sequentially to $7.4 billion and by $1.4 billion year over year, providing strong visibility into future revenues. As of June 30, 2026, CAP included $624 million of tactical infrastructure projects for U.S. Customs and Border Protection that should be substantially realized over 2026 and 2027. Data center site development is also becoming an important growth avenue, with data center-related CAP increasing to $223 million from $65 million a year earlier as AI and digital infrastructure investment drives demand.

However, severe weather in the Southeast disrupted production and sales activity in the Materials segment during the second quarter and weighed on margins, while higher production costs associated with quarry development activities added pressure. Granite also faces uncertainty around the timing and final content of future federal infrastructure legislation, which could influence the pace of certain projects.

Looking ahead, Granite’s record CAP, strong bid pipeline, and healthy public and private markets should support continued growth across its infrastructure platform. The company is expanding its presence in federal, rail and transit and data center markets while pursuing market share gains and disciplined geographic expansion. Its dedicated data center capabilities, long-standing customer relationships and opportunities across transportation and other mission-critical infrastructure should provide additional avenues for growth.

Stock Performance & ValuationAs witnessed from the chart below, EMCOR’s share price performance has outperformed Granite's trend and the broader Construction sector so far in 2026.

Image Source: Zacks Investment Research

Considering valuation, EMCOR has been trading above Granite on a forward 12-month price-to-earnings (P/E) ratio basis.

Image Source: Zacks Investment Research

Comparing EPS Estimate Trends: EME vs. GVAThe Zacks Consensus Estimate for EME’s 2026 and 2027 earnings has trended upward over the past 30 days to $33.04 and $37.14 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.

EME’s EPS Trend
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for GVA’s 2026 and 2027 earnings has trended upward over the past 30 days to $7.17 and $8.93 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 18.1% and 24.6%, respectively.

GVA’s EPS Trend
Image Source: Zacks Investment Research

Should Investors Choose EME or GVA?EMCOR and Granite are both positioned to benefit from continued investment across U.S. construction and infrastructure markets, but their earnings trajectories offer investors an important distinction. EMCOR’s 2026 EPS estimate implies stronger year-over-year growth, while Granite is expected to deliver faster earnings growth in 2027. The upward revisions to both companies’ earnings estimates also point to improving expectations, although EMCOR currently has the stronger near-term earnings profile.

With EMCOR sporting a Zacks Rank #1 (Strong Buy) and Granite carrying a Zacks Rank #2 (Buy), the former appears to be the stronger investment at this stage. EMCOR’s higher 2026 earnings growth expectation, combined with its stronger Zacks Rank, gives it an advantage despite trading at a higher forward 12-month P/E multiple than Granite. For investors choosing between the two, EMCOR stands out as the better buy right now. You can see the complete list of today’s Zacks #1 Rank stocks here.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $31 million Early Works Grading Package by Hydrostor for its Willow Rock Energy Storage Center (WRESC) Project, located north of Rosamond in Kern County, California. The award will be included in Granite’s third quarter 2026 CAP.

This award aligns with Granite’s strategic focus on growing specialized private-sector work with clients that value construction expertise, collaboration, and problem-solving

Share The Willow Rock Energy Storage Center is a planned 500 MW Advanced Compressed Air Energy Storage (A-CAES) facility in the Mojave Desert, capable of powering more than 400,000 homes for eight hours.

Granite’s scope includes construction of early site infrastructure on the 89-acre project site, including a nine-acre pad to support the subsurface contractor’s work to drill and excavate a 1.3-million-cubic-yard cavern approximately 2,000 feet below the surface. Additional work includes offsite road improvements, onsite stormwater basins, and laydown areas for subsurface mining materials and topside EPCM contractors staging materials for construction of the four-turbine energy storage facility.

“This award aligns with Granite’s strategic focus on growing specialized private-sector work with clients that value construction expertise, collaboration, and problem-solving,” said Darryl Ebel, Granite Area Manager. “We are proud to bring our Bakersfield team’s site development experience to a project designed to support California’s long-term energy storage needs.”

“Hydrostor is thrilled to start pre-construction work on-site in Kern County for our flagship U.S. energy storage facility, which will support thousands of jobs locally and help to ensure a reliable California grid for decades to come. Partnering with an organization like Granite will help us set the stage for successful project delivery, as they bring their industry leading expertise to the site,” said Josh Rowan, Senior Vice President of Project Execution at Hydrostor.

Granite’s early works grading phase of the project began in July 2026 and is planned to conclude in March 2027.

For more information about the project, visit Hydrostor’s Willow Rock Energy Storage Center project page.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

Shares of Granite Construction (GVA - Free Report) have gained 6.1% over the past four weeks to close the last trading session at $125.97, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $162.25 indicates a potential upside of 28.8%.

The average comprises four short-term price targets ranging from a low of $119.00 to a high of $180.00, with a standard deviation of $28.93. While the lowest estimate indicates a decline of 5.5% from the current price level, the most optimistic estimate points to a 42.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for GVA, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why GVA Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 3.6%, as one estimate has moved higher compared to no negative revision.

Moreover, GVA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much GVA could gain, the direction of price movement it implies does appear to be a good guide.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE: GVA) announced today the appointment of George L. Nash, Jr. to its Board of Directors, effective August 5, 2026. With more than three decades of leadership experience across the global energy, infrastructure, and construction sectors, Mr. Nash brings extensive operational, strategic, and governance expertise to support Granite's continued growth and long-term value creation. Mr. Nash most recently served as Chief Executive Officer of the Nort.

Granite Construction remains a 'strong buy' despite recent underperformance and a disappointing quarter, given rapid growth and compelling valuation. Q2 revenue surged to $1.46 billion, beating estimates, while adjusted net income and EBITDA also improved year-over-year. Management raised full-year revenue guidance to $5.3–$5.5 billion, with strong federal, state, and private sector funding supporting future growth.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced results for the quarter ended June 30, 2026. Second Quarter 2026 Results Net loss attributable to Granite totaled $278 million, or $(6.36) per diluted share, compared to net income attributable to Granite of $72 million, or $1.42 per diluted share, for the same period in the prior year. The net loss was driven by a $360 million non-operating loss on convertible debt transactions associated with our 3.75% convertible notes.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $50 million contract by Pacific Gas and Electric (PG&E) for the Tiger Creek Regulator Dam Spillway Replacement project in Amador County, California, near Pioneer. The project will be included in Granite’s second quarter 2026 CAP.

Our team brings deep technical expertise and a collaborative approach, and we look forward to serving PG&E

ShareThe project, part of PG&E’s Mokelumne River Hydroelectric Project, involves construction of a new spillway that will replace an existing structure at the Tiger Creek Regulator Dam, a slab and buttress dam originally constructed in 1931. The project will enhance long-term dam safety, improve operational reliability, and ensure compliance with updated regulatory and engineering standards.

Granite’s scope of work includes construction of the new spillway crest structure and chute, installation of a temporary cofferdam to allow work to be performed in dry conditions, excavation and rock anchoring, placement of mass and structural concrete, and decommissioning of the existing spillway. The project also includes improvements to site access, including construction of a permanent access road to support ongoing maintenance of the new spillway.

A separate preconstruction contract, completed in 2024 with an approximate value of $600,000, supported early planning and constructability efforts for the project.

“We have a long history of building critical dam projects for many clients in Northern California including the Folsom Dam Auxiliary Spillway Control Structure, Mormon Island Auxiliary Dam, Lost Creek Dam, and Log Pond Dam,” says Bob Mihal, Granite Area Manager. “Our team brings deep technical expertise and a collaborative approach, and we look forward to serving PG&E and strengthening our partnership on critical infrastructure that supports the region’s communities.”

Construction began in May 2026, with completion anticipated in May 2028.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

Key Takeaways STRL is the better buy, backed by stronger growth, backlog momentum and estimate revisions.Mission-critical projects make up more than 90% of Sterling's E-Infrastructure backlog.Granite offers a lower valuation and record $7.2B CAP, but its growth outlook is less aggressive. Infrastructure spending remains a major growth driver for U.S. construction companies, supported by data center development, semiconductor manufacturing, transportation upgrades and federal infrastructure programs. Contractors with strong project pipelines, specialized capabilities and disciplined execution are particularly well positioned. Sterling Infrastructure (STRL - Free Report) and Granite Construction (GVA - Free Report) both benefit from these trends, but their business profiles differ.

Sterling has shifted toward high-growth mission-critical infrastructure, while Granite remains a diversified civil contractor and construction materials producer with significant exposure to public infrastructure.

Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.

The Case for Sterling StockSterling has transformed itself into a high-growth infrastructure platform focused on data centers, semiconductor fabrication, advanced manufacturing and mission-critical electrical work. First-quarter 2026 revenues surged 92% year over year, while adjusted earnings per share (EPS) climbed 120%. Adjusted EBITDA more than doubled, and margins expanded despite the integration of the recently acquired CEC business.

The E-Infrastructure Solutions segment remains Sterling’s primary growth engine. Segment revenues increased 174%, supported by strong organic growth and CEC’s contribution. Mission-critical projects accounted for more than 90% of E-Infrastructure backlog, highlighting Sterling’s growing exposure to large data center, manufacturing and semiconductor investments. The company is also gaining traction from cross-selling site development and electrical services, which should help increase project scope, improve execution and support margins.

Sterling’s backlog provides strong multiyear visibility. Signed backlog reached $3.8 billion, while the combined backlog increased to $5.15 billion. Including unsigned awards and high-probability future phases, management sees an opportunity pool approaching $6.5 billion. The first phase of a large semiconductor fabrication campus further strengthens its long-term growth potential, with additional project phases expected over several years.

The Stone Ridge acquisition adds another growth avenue. The deal expands Sterling’s site development capabilities across the Pacific Northwest and Texas and increases its exposure to data centers, mining and industrial infrastructure. Stone Ridge is expected to generate between $180 million and $200 million in full-year revenues with mid-teen EBITDA margins.

Sterling’s main risk is its premium valuation. The stock’s strong rally has raised expectations, meaning any slowdown in project awards, execution or data center spending could pressure its multiple. Building Solutions also remains exposed to weak residential affordability, while rapid expansion and acquisition integration add operational risks.

Nevertheless, Sterling’s growth, backlog visibility, margins and mission-critical market exposure provide a powerful investment case.

The Case for Granite StockGranite offers a more diversified and value-oriented construction investment. The company operates across transportation, federal infrastructure, private construction and construction materials, reducing its dependence on any single end market.

First-quarter revenues increased 30% year over year to $912 million, while adjusted EBITDA more than doubled. Construction segment revenues rose nearly 25%, supported by strong organic growth and acquired businesses. Granite also ended the quarter with record committed and awarded projects, or CAP, of $7.2 billion, an increase of $1.4 billion from the prior year.

Granite’s vertically integrated model is a key strength. Its materials operations supply aggregates and asphalt, supporting construction projects while providing exposure to pricing and volume growth. Materials revenues increased sharply in the first quarter, while gross profit and cash gross profit margins improved significantly. Recent acquisitions, including Warren Paving, Papich Construction and Kenny Seng Construction, have expanded Granite’s geographic presence and materials capabilities.

Granite is also expanding into attractive markets. Federal CAP reached $1.3 billion, including tactical infrastructure work, while management sees growing opportunities in rail facilities and mission-critical data center site development. The Kenny Seng acquisition strengthens Granite’s Utah platform and adds exposure to education, civil infrastructure and private-sector projects.

Following the strong quarter and recent project awards, Granite raised its 2026 revenue guidance between $5.2 billion and $5.4 billion and increased its adjusted EBITDA margin outlook. Improved project execution, SG&A leverage and materials performance should support earnings growth.

However, Granite’s growth outlook is less aggressive than Sterling’s. Traditional civil projects can be affected by weather, funding availability and execution delays. The company also reported a GAAP net loss in the first quarter, while higher interest costs and acquisition-related debt remain considerations.

Sterling Leads the Share Price RaceSterling shares have surged 108.5% year to date, substantially outperforming Granite’s 7.5% gain. Sterling has also outpaced the Zacks Construction sector’s 7.3% advance and the S&P 500’s 8.8% return.

STRL vs GVA Price Performance (YTD)

Image Source: Zacks Investment Research

Among peers, Comfort Systems USA (FIX - Free Report) and EMCOR Group (EME - Free Report) have also benefited from rising investments in AI data centers, electrical infrastructure and mission-critical construction. However, Sterling’s stock performance indicates particularly strong investor confidence in its earnings growth, expanding backlog and strategic positioning.

Granite’s performance is close to the broader construction sector, reflecting its steadier operating profile and more moderate earnings outlook.

Granite Offers Value, but Sterling’s Premium Is JustifiedSterling trades at 27.99X forward 12-month earnings, above Granite’s 15.8X and the Zacks Construction sector average of 20.49X.

STRL vs GVA Valuation (P/E F12M)

Image Source: Zacks Investment Research

The premium is more reasonable when compared with mission-critical infrastructure peers. FIX trades at 34.51X forward earnings, meaning Sterling remains less expensive despite its rapid growth in data center and advanced manufacturing projects. EME stock also commands a higher valuation than traditional civil contractors at 23.75X because of its exposure to electrical, mechanical and mission-critical construction markets.

Granite is clearly the cheaper stock and may appeal to value-focused investors. However, its discount reflects a slower growth profile, lower margins and greater exposure to conventional public infrastructure projects. Sterling’s premium is supported by stronger earnings growth and superior backlog momentum.

Sterling Has the Stronger Estimate TrendOver the past 60 days, the Zacks Consensus Estimate for Sterling’s 2026 EPS has increased to $19.12, while the 2027 estimate has risen to $25.83. Earnings are expected to grow 75.7% in 2026 on revenue growth of 59.2%. For 2027, EPS and revenues are projected to increase 35.1% and 29.1%, respectively.

STRL EPS Estimate Revision Trend

Image Source: Zacks Investment Research

Granite’s consensus estimate has remained unchanged over the past 30 days at $6.92 for 2026 and $8.61 for 2027. Its 2026 EPS is expected to increase 14%, accompanied by revenue growth of 20.2%. For 2027, EPS is projected to grow 24.4% on an 11.1% revenue increase.

GVA’s EPS Estimate Revision Trend

Image Source: Zacks Investment Research

Sterling, therefore, holds a clear advantage in both expected growth and positive estimate revisions.

Which Stock Is the Better Buy?Granite remains a solid infrastructure stock, supported by record CAP, a growing materials platform, strategic acquisitions and an attractive valuation. It appears suitable for investors seeking moderate growth at a lower earnings multiple.

Sterling, however, offers better upside potential. Its exposure to data centers, semiconductor facilities and mission-critical projects supports significantly stronger revenue and earnings growth. Rapidly expanding backlog, margin improvement, cross-selling opportunities and upward estimate revisions further strengthen the outlook.

Sterling’s Zacks Rank #1 (Strong Buy) also compares favorably with Granite’s Zacks Rank #3 (Hold). Despite its higher valuation, Sterling’s superior earnings momentum and secular growth exposure make it the better construction stock to buy now. You can see the complete list of today’s Zacks #1 Rank stocks here.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that Keystone Bridge Partners, a Granite-led joint venture with Condon-Johnson & Associates, Inc., has been selected by the Regional Transportation Commission (RTC) of Washoe County to provide preconstruction services for the Keystone Avenue Bridge Replacement Project in Reno, Nevada. The project will be delivered using the Construction Manager at Risk (CMAR) method. 

“We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”

ShareBuilt in 1966, the Keystone Avenue Bridge spans the Truckee River and serves as a critical north–south corridor. The new project will replace the structurally deficient bridge, significantly improve safety, and accommodate increased traffic demand. 

“This project reflects Granite’s continued commitment to delivering resilient, community-focused infrastructure,” said Chris Burke, Granite Regional Vice President. “We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”

Project scope includes demolition of the existing bridge and construction of a new multi-span steel beam girder structure, along with reconstruction of Keystone Avenue approaches, new retaining walls, drainage improvements, and utility relocations. The project also features a new multi-use path connecting to Vine Street and improvements to nearby roadways.

Project Timeline:

Preconstruction: Q2 2026 through Q1 2028Major Construction: Q2 2028 through Q3 2029When the construction phase is awarded, the anticipated value will range from $50 million to $60 million.

For more information, visit: https://keystonebridgeproject.com.

 
About Granite 
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram. 

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Candelo Capital Management disclosed a new position in Granite Construction (GVA +2.38%) on February 17, 2026, acquiring 49,088 shares in an estimated $5.66 million trade based on quarterly average pricing.

What happenedAccording to a February 17, 2026, SEC filing, Candelo Capital Management LP established a new position in Granite Construction by purchasing 49,088 shares. The reported quarter-end value of the stake totaled $5.66 million, with the increase reflecting the addition of new shares and changes in the company’s stock price over the period.

What else to knowThis is a new position for the fund, now representing 5.05% of Candelo’s 13F reportable assets under management.Top five holdings after the filing:NYSE:ATI: $7.28 million (6.6% of AUM)NYSE:TDY: $6.74 million (6.2% of AUM)NYSE:UNP: $5.75 million (5.2% of AUM)NYSE:GVA: $5.66 million (5.1% of AUM)NASDAQ:MKSI: $5.61 million (5.1% of AUM)As of Friday, Granite Construction shares were priced at $120.73, up 67% over the past year and well outperforming the S&P 500’s roughly 20% gain in the same period.Company overviewMetricValuePrice (as of Friday)$120.73Market capitalization$5.3 billionRevenue (TTM)$4.42 billionNet income (TTM)$193.00 millionCompany snapshotGranite Construction delivers heavy civil infrastructure construction and produces construction materials such as aggregates and asphalt.The firm generates revenue through large-scale public and private construction projects, as well as the sale of construction materials to internal and external customers.It serves federal, state, and local government agencies, transportation authorities, utilities, developers, and industrial clients across the United States.Granite Construction is a leading U.S. infrastructure contractor with a diversified portfolio spanning transportation, water, and complex site development projects. The company leverages nearly a century of operational experience to execute projects for both public and private sector clients, supported by integrated materials production capabilities.

What this transaction means for investorsGrantice just delivered a record year operationally. Revenue climbed to roughly $4.4 billion in 2025, up about 10% year over year, while net income attributable to shareholders surged to about $193 million, up over 60% from the prior year. Meanwhile, adjusted EBITDA jumped 30% to roughly $527 million, reflecting improved margins and stronger project execution across its construction and materials businesses.

Perhaps more important for long-term investors is the visibility Granite now has into future growth. The company ended the year with nearly $7 billion in committed and awarded projects, a record pipeline that management says should support continued revenue expansion as public infrastructure spending remains strong.

The stock’s performance reflects that momentum. Shares have climbed about 67% over the past year and are up roughly 5% so far in 2026, even as the broader market has slipped about 3%. All of this to say that with this underlying momentum, it’s not hard to see why a fund like Candelo would be stepping in to buy shares.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Teledyne Technologies. The Motley Fool recommends Union Pacific. The Motley Fool has a disclosure policy.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded Segment 4E North of the Highway 101 Carpinteria to Santa Barbara Construction Manager/General Contractor (CM/GC) project by Caltrans. Granite is the construction manager for the entire phase 4 project, and was previously awarded Segment 4E South in 2024. The contract award is approximately $114M. The Carpinteria to Santa Barbara CM/GC is a major, multi-year program to increase safety and reduce con.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) will release financial results for the quarter ended March 31, 2026, before market opens on Thursday, April 30, 2026. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, April 30, 2026. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-.

WATSONVILLE, Calif.--(BUSINESS WIRE)--On Wednesday, April 29, Granite (NYSE:GVA) published its 2025 Sustainability Report, highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. “Granite’s mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “Sustainability is central to this mission. Our leadership in sustainability supports the successful execution of our business strategies and drives value creation.”

Granite’s mission is to provide infrastructure solutions that support more prosperous and resilient communities

Share Granite aligns its reporting with standard sustainability reporting frameworks, selecting industry-specific metrics that align with stakeholder expectations and reflect material impacts relevant to its operations. In addition to providing progress updates on sustainability objectives, the report reviews the company’s efforts in key areas, including safety and health, community engagement, ethics and compliance, resilience and energy, and waste management.

“Granite’s Sustainability Strategic Plan centers on leveraging sustainability as a competitive advantage,” explained Sustainability Director Raven Adams. “The theme of this report—Operational Impact—reflects the transition from building companywide programs to executing improvements in operations, with sustainability champions leading local initiatives that drive value in their part of the business.”

Highlights from the 2025 report include:

Recognition by Newsweek as one of America’s Most Responsible Companies for 2026, as well as one of America’s Greatest Companies for 2026 Safety record reflecting the safest year in Granite’s history Commitment of $16 million companywide to improve energy efficiency at materials facilities Companywide expansion of energy efficiency and resilience initiatives led by local sustainability champions Improved assessment of climate risks, including the company’s first scenario analysis Diamond Achievement Sustainable Commendations from the National Asphalt Paving Association (NAPA) received by 27 asphalt plants Sustainability Value Add (SVA) highlights providing examples of how Granite creates value and positive impact for clients, employees, and communities About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

Granite Construction Incorporated (GVA) Q1 2026 Earnings Call Transcript

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the Parks Highway MP 315–325 Reconstruction (Construction MP 322–325) project by the Alaska Department of Transportation and Public Facilities. Located near Nenana, Alaska, the project is the second of two phases of the Parks Highway MP 319–325 CM/GC program that Granite has been delivering since 2022. The contract value is approximately $32 million. Work includes approximately 1.2 million cubic ya.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it has priced its previously announced offering of $600.0 million aggregate principal amount of 6.375% senior notes due 2034 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed by each of Granite's existing and future domestic subsidiaries that is a borrower or gua.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the All American Boulevard Construction and Kennedy Boulevard Widening project by Orange County, Florida. The project will deliver critical roadway and intersection improvements aimed at easing congestion and improving traffic flow in a busy commercial corridor. The contract value is approximately $41 million and will be included in Granite's second quarter 2026 CAP. The scope of work includes cons.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 15, 2026, to all shareholders of record at the close of business on June 30, 2026. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well.