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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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