Amundi Purchases 14,758 Shares of Granite Construction Incorporated (NYSE:GVA)

Amundi raised its stake in Granite Construction Incorporated (NYSE:GVA - Free Report) by 191.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,449 shares of the construction company's stock after buying an additional 14,758 shares during the quarter. Amundi owned 0.05% of Granite Construction worth $1,984,000 at the end of the most recent reporting period.

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

Granite Construction Stock Down 0.2 %

Granite Construction stock traded down $0.12 during mid-day trading on Friday, hitting $76.13. 1,484,017 shares of the company's stock were exchanged, compared to its average volume of 577,378. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.31 billion, a P/E ratio of 30.82 and a beta of 1.34. The stock has a 50 day moving average of $84.17 and a two-hundred day moving average of $86.01. Granite Construction Incorporated has a 1-year low of $52.99 and a 1-year high of $105.20.

Remove Ads

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

Granite Construction Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, March 31st. Granite Construction's dividend payout ratio (DPR) is 21.05%.

Insider Activity

In related news, COO James A. Radich sold 2,500 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the transaction, the chief operating officer now directly owns 28,256 shares in the company, valued at $2,462,227.84. The trade was a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brian R. Dowd sold 2,025 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $81.55, for a total value of $165,138.75. Following the completion of the sale, the senior vice president now owns 13,880 shares of the company's stock, valued at $1,131,914. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Granite Construction 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.