Granite Constr Inc Stock Price, News & Analysis

Granite (NYSE:GVA) began construction in October 2025 on an approximately $138 million rehabilitation of the historic Lake Street double-deck trunnion bascule bridge in Chicago, awarded by the Chicago Department of Transportation (CDOT) and added to Granite’s first quarter CAP.

The scope includes full replacement of the double-deck bridge, substructure rehabilitation, replacement of upper-level CTA tracks, mechanical and electrical upgrades, and restoration of historic bridge houses while preserving architectural character. Off-site construction of new bridge leaves will use separate "float-in" moves during two planned 12-day CTA Green and Pink Line outages in Fall 2026 and Spring 2027. Work is expected to complete in December 2027, and one bridge leaf must remain operational per federal and U.S. Coast Guard requirements.

Granite (NYSE:GVA) secured a contract worth approximately $24 million from San Bernardino County to replace aging bridges along Route 66 in Amboy, California.

Funding comes from state and federal sources and will be reflected in Granite’s third quarter CAP. Construction is expected to begin in December 2025 and complete in April 2027. Granite’s Desert Cities asphalt plant will supply 3,400 tons of hot mix asphalt. The project targets structures that do not meet current load-bearing standards and aims to improve safety, reliability, and resilience on the route between 29 Palms and Las Vegas, serving access to the Mojave National Preserve.

Granite (NYSE: GVA) subsidiary Centennial Aggregate Inc. acquired Cinderlite Trucking Corporation in Carson City, Nevada, effective October 6, 2025. The acquisition adds approximately 100 million tons of aggregate resources and an annual production capacity of approximately 975,000 tons. Cinderlite operates five aggregate yards and one recycling yard and includes an established aggregate transportation fleet. Management says the deal aligns with Granite’s northern Nevada home market strategy and follows recent acquisitions including Warren Paving and Papich Construction. Granite plans to fund acquisitions using cash generation and its credit facility.

Granite (NYSE:GVA) has secured a $39 million contract from the U.S. Army Corps of Engineers for Reach 6 of the Pajaro River Flood Risk Management Project in Watsonville, California. The project involves constructing 2.6 miles of flood risk management levees and 1,500 ft of floodwalls along Corralitos Creek.

The construction scope includes approximately 111,600 cubic yards of compacted fill, with Granite's facilities providing 5,550 tons of hot mix asphalt and 10,000 tons of baserock. The project, set to begin in Fall 2025 and complete in October 2027, represents the first of five planned reaches in the broader flood protection initiative.

Granite (NYSE:GVA) has maintained its position as the #1 ranked company in Highways on Engineering News-Record's (ENR) 2025 Top Contractors List for the fifth consecutive year. The recognition highlights Granite's continued leadership in the highways sector and its broader construction capabilities.

The company also secured notable rankings across multiple categories, including #3 in Domestic Heavy Contractors, #4 in both Sanitary and Storm Sewers and Transportation, and strong positions in sectors such as dams, water supply, mining, mass transit, bridges, airports, and petrochemical plants.

Granite (NYSE:GVA) has received multiple prestigious awards from the National Stone, Sand & Gravel Association (NSSGA) at their Legislative & Policy Forum in Washington DC. The company earned the Louis Griesemer Sterling Safety Award in Silver for outstanding safety performance, along with 10 Awards of Excellence across Community Relations and Environmental Excellence categories.

The Environmental Excellence Awards were granted to several Granite facilities, with the Solari Facility achieving both Platinum and Gold recognition. The Big Rock Aggregates Plant, Santa Barbara Construction & Demolition Facility, and Felton Quarry & AC Facility received Silver awards. Additionally, three facilities - Highway 175 Facility, Felton Quarry & AC Facility, and Handley Ranch Quarry - earned Bronze Community Relations Excellence Awards.

Granite (NYSE:GVA) has announced a quarterly cash dividend of $0.13 per common share. The dividend will be paid on October 15, 2025, to shareholders of record as of the close of business on September 30, 2025.

Granite (NYSE: GVA) has appointed J. Timothy Romer to its Board of Directors, effective September 8, 2025. Romer brings nearly 40 years of experience in finance and infrastructure, having held senior positions at Goldman Sachs and Merrill Lynch for 30 years. He also served as a partner at Foundation Credit and held CEO/CFO roles in software and climate technology companies.

Romer will serve on both the Audit/Compliance Committee and the Risk Committee of the Board. He holds an MBA from Wharton School and a B.S. in Industrial Engineering from Stanford University.

Granite (NYSE:GVA) announced that its subsidiary, Layne, has secured a $13 million contract from Lewis and Clark Regional Water System (LCRWS) to construct two high-capacity horizontal collector wells near Vermillion, South Dakota. The wells will have a combined capacity of 50 million gallons per day (MGD) of raw water supply.

Each well will feature 16-foot inner diameter concrete caissons reaching approximately 135 feet in depth. The project follows Layne's successful 2021 construction of LCRWS's first collector well, which produces over 20 MGD. Construction is scheduled to begin in September 2025 with completion expected in June 2028.