NEW YORK (

TheStreet

) --

Granite Construction

(NYSE:

GVA

) hit a new 52-week high Friday as it is currently trading at $30, above its previous 52-week high of $29.68 with 40,543 shares traded as of 9:55 a.m. ET. Average volume has been 285,800 shares over the past 30 days.

Granite Construction has a market cap of $1.05 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 23.1% year to date as of the close of trading on Thursday.

Granite Construction Incorporated, together with its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the United States.

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TheStreet Ratings rates Granite Construction as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Granite Construction Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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