Granite Construction Stock Climbs 25% On A 7-Day Winning Streak
Granite Construction (GVA) stock is on a 7-day winning streak, up 25.2% since the run began. That added about $1.2 billion to the company’s market value, which now stands at about $5.9 billion. The stock closed at $133.31 on Tuesday, November 3, 16.7% below its 52-week high of $160.08 and 35.9% above its low of $98.09.
GVA Versus The S&P 500
Returns for GVA and the S&P 500 over the streak and the periods around it, all ending Tuesday, November 3 and including dividends:
| Return Period | GVA | S&P 500 |
|---|---|---|
| 1 Day | 3.4% | 0.4% |
| 7 Days (Current Streak) | 25.2% | -0.7% |
| 1 Month (21 Trading Days) | 12.1% | -2.6% |
| 3 Months (63 Trading Days) | 8.2% | -1.7% |
| Year To Date | 15.9% | 11.6% |
| 1 Year (252 Trading Days) | 30.1% | 11.9% |
How The Streak Compares With The Market
The market explains little of this: the S&P 500 lost 0.7% over the same 7 sessions, including dividends, against Granite Construction’s +25.2%. Over the past three months the stock is up 8.2%, a window that includes the streak; over the other 56 sessions of that window it was down 13.6%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 25.1% over the last twelve months, against a median of 8.2% for S&P 500 Industrials stocks; and its operating margin is 7.1%, versus a median of 17.6%. Granite Construction does not have positive trailing earnings, so there is no meaningful price-to-earnings multiple to compare. The read is mixed: revenue growth above the median on one side, margins below the median on the other.
A climb like this is worth respecting, and worth testing. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
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One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
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