Granite Construction (GVA) positioned as top engineering stock, showing growth potential

From Yahoo Finance: 2025-04-02 17:50:00

The global engineering services market reached $3.26 trillion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030 due to factors like technological advancements, urbanization, and sustainability needs. Engineering is shifting towards sustainable practices with green materials, energy-efficient designs, and smart city initiatives driven by IoT and AI.

Granite Construction Incorporated (NYSE: GVA) stands out in the engineering stocks market, offering engineering and construction solutions for large-scale projects. Its Construction segment benefits from state transportation budgets and the Federal Infrastructure Bill, with 75% revenue from public projects. GVA secures quality projects, improving execution and margin expansion, ranking 9th in best engineering stocks.

Granite Construction Incorporated (NYSE: GVA) is strategically positioned in the construction sector, winning more work year-over-year and expecting an increase in Contract Awarded Projects in 2025. The company’s focus on securing best-value projects within core markets has led to improved project execution and margin expansion. While GVA shows growth potential, AI stocks are seen as promising for high returns within a shorter timeframe.



Read more at Yahoo Finance: Is Granite Construction (GVA) One of the Best Engineering Stocks to Invest in Now?