Granite Construction saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
Granite Construction is currently extended beyond a proper buy zone after clearing the 64.33 buy point in a flat base.
Looking For The Best Stocks To Buy And Watch? Start Here
The stock has a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company posted 19% earnings-per-share growth. Top line growth fell to 14%, down from 20% in the prior quarter.
Granite Construction earns the No. 5 rank among its peers in the Building-Heavy Construction industry group. Argan is the No. 1-ranked stock within the group.
