Granite Construction Incorporated (NYSE:GVA) Stock Holdings Lessened by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its stake in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,155 shares of the construction company's stock after selling 6,904 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Granite Construction were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GVA. O Shaughnessy Asset Management LLC increased its holdings in shares of Granite Construction by 3.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,461 shares of the construction company's stock worth $742,000 after acquiring an additional 254 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Granite Construction by 42.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 148,313 shares of the construction company's stock worth $13,009,000 after purchasing an additional 44,444 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Granite Construction by 3.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,626 shares of the construction company's stock valued at $493,000 after purchasing an additional 183 shares during the period. Norges Bank bought a new stake in shares of Granite Construction during the fourth quarter valued at approximately $31,855,000. Finally, EFG Asset Management North America Corp. boosted its position in shares of Granite Construction by 86.7% during the fourth quarter. EFG Asset Management North America Corp. now owns 68,004 shares of the construction company's stock worth $5,963,000 after buying an additional 31,573 shares during the period.

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Granite Construction Stock Performance

GVA stock traded up $2.76 on Tuesday, reaching $74.65. The company's stock had a trading volume of 159,751 shares, compared to its average volume of 669,567. Granite Construction Incorporated has a 52 week low of $52.99 and a 52 week high of $105.20. 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 company has a market capitalization of $3.24 billion, a P/E ratio of 30.22 and a beta of 1.26. The firm has a fifty day moving average of $80.50 and a two-hundred day moving average of $86.28.

Granite Construction (NYSE:GVA - Get Free Report) last issued 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). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The business had revenue of $977.30 million for the quarter. During the same quarter last year, the business earned $0.82 earnings per share. As a group, analysts predict that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.70%. Granite Construction's dividend payout ratio (DPR) is 21.05%.

Insider Transactions at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the sale, the chief operating officer now directly owns 28,256 shares in the company, valued at approximately $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 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 sale, the senior vice president now directly owns 13,880 shares of the company's stock, valued at $1,131,914. The trade was a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

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.