Granite Construction Incorporated (GVA)
Granite Construction Incorporated (GVA) is a leading provider of infrastructure construction and building materials in the United States, specializing in heavy civil construction services and the production of aggregates, asphalt, and concrete. Headquartered in Watsonville, California, the company operates across diverse sectors including transportation, water resources, and environmental projects, positioning itself as a key player in improving the nation's infrastructure. With a strong commitment to safety, sustainability, and quality, Granite Construction is well-equipped to meet the demands of complex projects and foster long-term growth in the construction industry.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 52.84% per annum.
- GVA price at the close of November 21, 2025 was $103.85 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.78% per annum.
- GVA price at the close of November 21, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of GVA price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 13, 2022
End date: November 21, 2025
a = 2.6073
b = 0.0012
s = 0.1062
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1062) – 1
= 52.94%
June 13, 2022 calculations
Top border of price channel:
Exp(Y390)
= Exp(a + b × X390 + 2 × s)
= Exp(a + b × 567 + 2 × s)
= Exp(2.6073 + 0.0012 × 567 + 2 × 0.1062)
= Exp(3.4787)
= $32.42
Bottom border of price channel:
Exp(Y390)
= Exp(a + b × X390 – 2 × s)
= Exp(a + b × 567 – 2 × s)
= Exp(2.6073 + 0.0012 × 567 – 2 × 0.1062)
= Exp(3.0539)
= $21.20
November 21, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.6073 + 0.0012 × 1,824 + 2 × 0.1062)
= Exp(4.9397)
= $139.73
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.6073 + 0.0012 × 1,824 – 2 × 0.1062)
= Exp(4.5149)
= $91.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.84% per annum.
- GVA price at the close of November 21, 2025 was $103.85 and was inside the primary price channel.
Secondary Trend
Start date: August 12, 2025
End date: November 21, 2025
a = 6.1825
b = -0.0009
s = 0.0152
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -26.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0152) – 1
= 6.26%
August 12, 2025 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,723 + 2 × s)
= Exp(6.1825 + -0.0009 × 1,723 + 2 × 0.0152)
= Exp(4.7415)
= $114.61
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,723 – 2 × s)
= Exp(6.1825 + -0.0009 × 1,723 – 2 × 0.0152)
= Exp(4.6808)
= $107.86
November 21, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(6.1825 + -0.0009 × 1,824 + 2 × 0.0152)
= Exp(4.6553)
= $105.14
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.1825 + -0.0009 × 1,824 – 2 × 0.0152)
= Exp(4.5946)
= $98.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.78% per annum.
- GVA price at the close of November 21, 2025 was inside the secondary price channel.