Granite Construction Stock Falls On Unusually High Volume (GVA)

NEW YORK (TheStreet) -- Granite Construction (NYSE:GVA) is trading at unusually high volume Tuesday with 984,358 shares changing hands. It is currently at four times its average daily volume and trading down $1.89 (-7.2%) at $24.42 as of 3:10 p.m. ET.

Granite Construction has a market cap of $1.02 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 11.1% year to date as of the close of trading on Monday.

Granite Construction Incorporated, through its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the United States. The company has a P/E ratio of 20.1, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Granite Construction as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Granite Construction Ratings Report.

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