Granite Stock Gains With $65M Utah Road Improvement Contract
GVAGranite(GVA) ZACKS·2024-09-12 00:30

Granite Construction Incorporated (GVA) recently announced a win with the Utah Department of Transportation (“UDOT”), securing a $65 million contract for Phase 2 of the SR-30 Improvement Project in Logan, UT. This deal builds on Granite's successful completion of Phase 1 in 2023, positioning the company as the preferred low bidder for the next phase of the project.GVA stock gained 0.7% during the trading session on Sept. 10.Boost to Granite’s Stock ValueThis contract, funded by UDOT and federal sources, und ...