Utah DOT Awards Granite Construction $116.9M West Davis Corridor Contract
GVA sits 69% above its 52-week low of $89.797.
Summary
Granite Construction secured a $116.9 million contract from the Utah Department of Transportation for the West Davis Corridor expansion project. This new award adds to the company's project backlog and will be included in its Q2 2026 contract awards. This follows a similar $114 million contract win in April and supports the company's full-year revenue guidance of $5.2 billion to $5.4 billion. The contract represents a solid operational win, reinforcing the company's revenue pipeline.
At the time of this announcement, GVA was trading at $151.88 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $89.80 to $155.22. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.