Boston Partners lifted its stake in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 584,398 shares of the construction company's stock after buying an additional 15,597 shares during the quarter. Boston Partners owned 1.34% of Granite Construction worth $51,813,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in shares of Granite Construction during the third quarter valued at approximately $214,000. Natixis Advisors LLC grew its holdings in Granite Construction by 6.2% during the 3rd quarter. Natixis Advisors LLC now owns 13,712 shares of the construction company's stock valued at $1,087,000 after purchasing an additional 806 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Granite Construction during the 3rd quarter worth $1,749,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Granite Construction by 20.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,354 shares of the construction company's stock worth $1,138,000 after buying an additional 2,433 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Granite Construction by 17.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 91,951 shares of the construction company's stock valued at $7,290,000 after buying an additional 13,752 shares during the last quarter.
Granite Construction Stock Up 1.8 %
Shares of NYSE GVA traded up $1.39 during midday trading on Monday, reaching $77.59. 843,482 shares of the company's stock were exchanged, compared to its average volume of 579,331. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.56 and a current ratio of 1.66. Granite Construction Incorporated has a 52-week low of $52.99 and a 52-week high of $105.20. The business's fifty day moving average price is $83.95 and its two-hundred day moving average price is $86.21. The stock has a market capitalization of $3.37 billion, a PE ratio of 31.41 and a beta of 1.34.
Granite Construction (NYSE:GVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.19). The business had revenue of $977.30 million for the quarter. Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. During the same quarter in the previous year, the company earned $0.82 EPS. Analysts forecast that Granite Construction Incorporated will post 5.49 EPS for the current year.
Granite Construction Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Monday, March 31st. Granite Construction's dividend payout ratio is currently 21.05%.
Insider Buying and Selling at Granite Construction
In related 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 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 $2,462,227.84. This represents a 8.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian R. Dowd sold 2,025 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 13,880 shares in the company, 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 insiders.
About Granite Construction
(
Free Report)
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.
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