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Stock impact report

Assessing Granite Construction's Valuation After New Highway 101 Contract Win [Yahoo! Finance]

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Yahoo! Finance
Granite's new Highway 101 contract and what it could mean for investors Granite Construction (GVA) has been awarded a US$114 million contract for the Highway 101 Phase 4E North project in California, reinforcing its role as construction manager across this multi year corridor upgrade. See our latest analysis for Granite Construction. The latest Highway 101 award comes after Granite was selected for the LRT 4 Webb Zapata project in Texas, and this contract momentum sits alongside a 69.55% 1 year total shareholder return. Despite a recent 4.10% 1 month share price decline, the current US$121.57 level follows a 2.44% 3 month share price return and a very large 5 year total shareholder return. This points to longer term momentum that has so far outweighed shorter term swings in sentiment. If this kind of large infrastructure pipeline interests you, it can be worth widening your search to other power grid related names using our 28 power grid technology and infrastructure stocks Show less Read more
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