AlphaQuest LLC Has $1.43 Million Stock Holdings in Granite Construction Incorporated (NYSE:GVA)

AlphaQuest LLC lowered its stake in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,245 shares of the construction company's stock after selling 6,795 shares during the period. AlphaQuest LLC's holdings in Granite Construction were worth $1,425,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GVA. Steward Partners Investment Advisory LLC acquired a new position in Granite Construction during the fourth quarter worth $89,000. Smartleaf Asset Management LLC increased its stake in shares of Granite Construction by 193.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company's stock worth $119,000 after purchasing an additional 887 shares during the last quarter. KBC Group NV raised its holdings in shares of Granite Construction by 26.6% in the 4th quarter. KBC Group NV now owns 1,751 shares of the construction company's stock valued at $154,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC raised its holdings in shares of Granite Construction by 8.5% in the 4th quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company's stock valued at $191,000 after purchasing an additional 171 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Granite Construction in the 3rd quarter valued at about $203,000.

Insider Buying and Selling at Granite Construction

In other news, COO James A. Radich sold 2,500 shares of Granite Construction stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the completion of the sale, the chief operating officer now owns 28,256 shares of the company's stock, valued at approximately $2,462,227.84. This trade represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian R. Dowd sold 2,025 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $81.55, for a total transaction of $165,138.75. Following the completion of the transaction, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

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Granite Construction Stock Performance

NYSE GVA traded down $0.70 during trading on Thursday, reaching $72.44. 549,161 shares of the company's stock were exchanged, compared to its average volume of 567,000. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. The business has a 50 day moving average price of $85.90 and a 200-day moving average price of $86.09. The stock has a market capitalization of $3.15 billion, a P/E ratio of 29.33 and a beta of 1.34. Granite Construction Incorporated has a fifty-two week low of $52.99 and a fifty-two week high of $105.20.

Granite Construction (NYSE:GVA - Get Free Report) last posted its earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.19). Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. The business had revenue of $977.30 million for the quarter. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts forecast that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Company Profile

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.