Added to YB: 2026-06-09
Pitch date: 2026-04-08
GVA [bearish]
Granite Construction Incorporated
+8.31%
current return
Author Info
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Company Info
Granite Construction Incorporated provides infrastructure solutions for public and private clients in the United States.
Market Cap
$6.2B
Pitch Price
$125.33
Price Target
90.00 (-22%)
Dividend
0.37%
EV/EBITDA
14.02
P/E
38.15
EV/Sales
1.54
Sector
Construction and Engineering
Category
turnaround
Granite Construction Incorporated - $GVA (short)
GVA (short): Construction/aggregates co up +75% 1yr, +260% since '23 on temporary IIJA tailwinds. Trades 10x NTM EBITDA/22x EPS, 8.3% short. Market treats peak earnings (16% GM vs 10% avg) as sustainable; mgmt accelerating M&A ($778M FY25) to mask stalling organic growth, stretching CAP 'backlog' (funded ratio fell 80-90%→55-60%), aggressive DOT bidding. IIJA expires 9/26, HTF $31B deficit, restatement history, insider selling (-44% CEO). PT $90 (~32% downside) at pre-IIJA 15x FY26E EPS $5.75.
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