11 Best Engineering Stocks to Invest in Now

9. Granite Construction Incorporated (NYSE:GVA)

Number of Hedge Fund Holders: 41

Granite Construction Incorporated (NYSE:GVA) delivers engineering and construction solutions for large-scale infrastructure projects. These include roads, bridges, and complex site developments, alongside the production of core construction materials. Its expertise extends to projects in sectors like mining, public safety, and energy.

The Construction segment at the company is experiencing a robust market, with state transportation budgets near record levels. California’s 2025-2026 budget sees increases in key transportation areas. About 75% of the segment’s revenue comes from publicly funded projects, which are supported by the Federal Infrastructure Bill (IIJA). The remaining 25% is private work, which includes water and rail infrastructure.

In Q4 2024, the segment won more work year-over-year, though Contract Awarded Projects (CAP) decreased slightly sequentially. However, CAP is expected to increase in 2025, with backlog quality improving. Granite Construction Incorporated (NYSE:GVA) is securing best-value projects within its core markets using existing relationships for larger and lower-risk projects. This strategy has improved project execution and margin expansion.