Post Content
Granite Construction Inc. (NYSE:GVA) is one of the 8 best construction & engineering stocks to buy according to Wall Street.
On April 2, Granite Construction Inc. (NYSE:GVA) reported signing a major infrastructure contract. Caltrans officially assigned Segment 4E North of the Highway 101 Carpinteria to Santa Barbara project to Granite Constructions.
Granite currently serves as the primary construction manager for the entire fourth phase of the venture. The significance of this achievement is demonstrated by the worth of the project, which is expected to be around $114 million. Adding to this is the successful award of the Segment 4E South venture in 2024.
Earlier, on March 27, Granite Construction Inc. (NYSE:GVA) announced it secured the LRT-4 Webb-Zapata contract from Customs and Border Protection. The $495 million project involves 27 miles of infrastructure improvements near Laredo, Texas, including mass excavation, grading, roads, fencing, and cattle guards.
The company will build 7 bridges, 8 major culvert crossings, and 68 paved concrete low-water crossings while installing electrical systems, lighting, cameras, and fiber optics. Work begins in April 2026 with completion targeted for July 2027.
Granite Construction Inc. (NYSE:GVA) provides infrastructure services to public and private organizations. It provides construction and repair services for various sectors, which include airports, municipal agencies, commercial water suppliers, and more. Additionally, it sells products like asphalt concrete, liquid asphalt, and recycled materials for commercial use.
While we acknowledge the potential of GVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. Follow Insider Monkey on Google News.