Granite Construction's Upside Isn't Over Yet

Impact · against what's priced in

GVA presents a valuation opportunity based on recent acquisitions and a significant discount to sector peers, though this is partially offset by a guidance cut. The overall impact is positive due to inorganic growth scale, provided the market corrects the current valuation gap.

GVA+0.50

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In context

The acquisitions of Warren Paving and Papich Construction have increased scale in the Construction and Materials segment, while the stock trades at a discount suggesting 48%–77% upside, despite a modest guidance revision.

Read from the article alone

• guidance▲5%
• infrastructure▲5%
• valuation
• GVA
• acquisitions
• construction
• materials

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