Granite Construction traded at $138.55 this Friday May 15th, decreasing $2.38 or 1.69 percent since the previous trading session. Looking back, over the last four weeks, Granite Construction lost 12.26 percent. Over the last 12 months, its price rose by 59.20 percent. Looking ahead, we forecast Granite Construction to be priced at 138.94 by the end of this quarter and at 130.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Granite Construction Incorporated is a diversified infrastructure company. The Company delivers infrastructure solutions for public and private clients primarily in the United States. The Company’s segments include Transportation, Water, Specialty and Materials. The Water segment focuses on water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. The Specialty segment focuses on construction of various complex projects including infrastructure/site development, mining, public safety, tunnel and power projects. The Materials segment focuses on production of aggregates, asphalt and construction related materials as well as sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties.