15 Stocks That Outperform the S&P 500 Every Year For the Last 3 Years

10. Granite Construction Incorporated (NYSE:GVA)

3-Year Return as of the Close of March 12: 130%

Granite Construction Incorporated (NYSE:GVA) is a diversified construction and construction materials company. Incepted in 1992 and headquartered in California, the company has two main segments: Construction, and Materials. The construction powerhouse also offers its services in the transportation, water infrastructure, and mineral exploration markets. Recognized as one of the World’s Most Ethical Companies for eleven consecutive years, Granite is leading the market, excelling in safety, quality, and sustainability.

In a recent development, Granite Construction Incorporated (NYSE:GVA) announced that it has been awarded a $66 million contract by the California Department of Transportation for a project aimed at restructuring the Caldwell Avenue interchange located in California. The project will likely begin in August 2025 and be completed in Q2, 2027.

Granite Construction Incorporated (NYSE:GVA) is fully capitalizing on its M&A strategic initiatives. Moreover, experts have been added to the corporate development teams as the management explores M&A opportunities. With a focus on centralized materials leadership, strategic CapEx investment, and M&A, the management has a positive outlook for the next three years, targeting a 12% to 14% consolidated 2027 adjusted EBITDA margin.

Not only the management, but the analysts too are extremely optimistic. Analysts have predicted a high price of $119 and a low price of $80, with an average of $103. Keeping in consideration the current 13.33% ROE of Granite Construction Incorporated (NYSE:GVA), analysts expect it to maintain the current level of growth, if not higher. While the ROE is slightly lower than the industry average of 18%, the higher than peers five-year net income growth of 49% makes a decent case for GVA.