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Enter Symbol:
Rating: GVA
Outperform $48

Granite Construction Incorporated (NYSE: GVA) upgraded to Outperform with price target $48 by FBR Capital

Friday,  Dec 11, 2015  8:25 AM ET by Lynn Gilbert

FBR Capital upgraded Granite Construction Incorporated (NYSE: GVA) to Outperform with price target
$48. Previously, FBR Capital rated Granite Construction Incorporated (NYSE: GVA) to Mkt Perform with price target $39 on 05/13/2015, when the stock price was valued at $37.47.

Granite Construction Inc. (Granite) is a heavy civil contractor and a construction materials producer. The Company is engaged in the construction of highways, dams, airport infrastructure, mass transit facilities, real estate site development and other infrastructure related projects. The Company operates nationwide, serving both public and private sector clients. Within the public sector, it primarily focuses on infrastructure projects, including the construction of roads, highways, bridges, dams, canals, mass transit facilities and airport infrastructure. Within the private sector, it performs site preparation and infrastructure services for residential development, commercial and industrial buildings, plants and other facilities. It owns and leases substantial aggregate reserves and own a number of construction materials processing plants. The Company also have a contractor-owned heavy construction equipment fleets in the United States.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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