Granite Awarded First Phase of CMGC Contract in Alaska for Parks Highway Realignment
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) has been awarded a Federally funded $54 million contract to build the first of two construction phases under a Construction Manager/General Contractor (CMGC) contract with the Alaska Department of Transportation and Public Facilities (DOT & PF).
This phase of the project involves the realignment of the Parks Highway from milepost 319 to 322, aimed to reduce sharp corners and improve traffic safety. Major work activities include 2.5 million cubic yards of onsite earthwork, 25,000 tons of asphalt paving, and implementation of a full traffic diversion. The project leverages all facets of Granite's equipment fleet, including a portable crusher and hot plant. The estimated construction contract value for the remaining segment is approximately $35 million.
'By employing the CMGC approach, the project team was able to identify and design a 'best for project' plan that ensures the most efficient use of funding,' said Ryan Moren, Granite Vice President of Regional Operations. 'This project sets the standard for collaboration, teamwork and partnering through preconstruction, with DOT&PF, Michael Baker International (Designer), and Granite all actively contributing to an optimal design and successful contract award.'
Construction began May 1, 2025, and is estimated to be completed by September 2027.
About Granite
Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite's Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
SentinelOne (S) Expands AI Cybersecurity Offerings on AWS
SentinelOne, Inc. (NYSE:S) is one of the . On June 16, the company announced that its AI-powered Security Information and Event Management (SIEM) solution– Singularity™ AI SIEM–is now available on the AWS Marketplace. Through the availability, AWS customers can now benefit from SentinelOne's AI and data capabilities to rapidly detect and respond to cyber threats across all attack surfaces. The AI SIEM is the latest SentinelOne offering to be made available on the marketplace, along with its flagship endpoint detection and response (EDR) offering and cloud security portfolio. Den Rise/ Sentinel One continues to solidify its strategic partnership with AWS, as reflected by a 100% year-over-year sales growth on AWS Marketplace. Its participation in AWS's Vendor Insights program allows it to enhance its appeal to customers who are already using AWS's services. 'Businesses are looking for faster and smarter ways to defend a rapidly growing attack surface against increasingly sophisticated adversaries. By bringing Singularity AI SIEM to the AWS Marketplace, we're making it far easier for more SecOps teams to harness the power of AI, automation and cloud-native data platforms to modernize the SOC and stop today's increasingly sophisticated threats.' -Ric Smith, President of Product, Technology, and Operations, SentinelOne. SentinelOne, Inc. (NYSE:S) is a provider of AI-powered cybersecurity solutions. While we acknowledge the potential of S as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Green Dot Corporation (NYSE:GDOT) is favoured by institutional owners who hold 70% of the company
Significantly high institutional ownership implies Green Dot's stock price is sensitive to their trading actions A total of 12 investors have a majority stake in the company with 52% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. A look at the shareholders of Green Dot Corporation (NYSE:GDOT) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 70% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Green Dot, beginning with the chart below. Check out our latest analysis for Green Dot Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Green Dot does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Green Dot's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. It would appear that 8.4% of Green Dot shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Looking at our data, we can see that the largest shareholder is Topline Capital Management, LLC with 8.4% of shares outstanding. For context, the second largest shareholder holds about 6.9% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder. Looking at the shareholder registry, we can see that 52% of the ownership is controlled by the top 12 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in Green Dot Corporation. As individuals, the insiders collectively own US$9.6m worth of the US$521m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 11% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It seems that Private Companies own 6.9%, of the Green Dot stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. It's always worth thinking about the different groups who own shares in a company. But to understand Green Dot better, we need to consider many other factors. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
an hour ago
- Yahoo
Is Now The Time To Look At Buying Proto Labs, Inc. (NYSE:PRLB)?
Proto Labs, Inc. (NYSE:PRLB), is not the largest company out there, but it saw a significant share price rise of 22% in the past couple of months on the NYSE. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's take a look at Proto Labs's outlook and value based on the most recent financial data to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Great news for investors – Proto Labs is still trading at a fairly cheap price. According to our valuation, the intrinsic value for the stock is $56.52, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. However, given that Proto Labs's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for Proto Labs Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to grow by a double-digit 15% in the upcoming year, the short-term outlook is positive for Proto Labs. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since PRLB is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you've been keeping an eye on PRLB for a while, now might be the time to enter the stock. Its buoyant future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy PRLB. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed buy. It can be quite valuable to consider what analysts expect for Proto Labs from their most recent forecasts. At Simply Wall St, we have the analysts estimates which you can view by clicking here. If you are no longer interested in Proto Labs, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
