Jim Cramer on Granite Construction: "I've Always Felt That GVA Was a Takeover Target"

Granite Construction Incorporated (NYSE:GVA) is one of the stocks that Jim Cramer shared thoughts on. A caller asked what Cramer thinks of the stock during the lightning round. Here’s what he had to say in response:

“I’ve always felt that GVA was a takeover target, and by the way, it’s up 7%. That’s nothing to, you know, that’s nothing to sneeze at. I do believe, just so you know, that I think that the infrastructure play is still on and therefore Granite is still on.”

Granite Construction (NYSE:GVA) builds and rehabilitates infrastructure projects such as roads, bridges, airports, dams, and energy facilities, while also producing and selling construction materials like aggregates and asphalt. The company is expected to release its Q2 earnings somewhere between the end of July and the first week of August.

In the Q1 earnings report, Granite Construction (NYSE:GVA) posted unchanged 2025 guidance at revenue between the range of $4.2 billion to $4.4 billion, adjusted EBITDA margin between 11.0% to 12.0%, CapEX of $140 million to $160 million, and SG&A expense of approximately 9.0% of revenue.

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Disclosure: None. This article is originally published at Insider Monkey.