15,061 Shares in Granite Construction Incorporated (NYSE:GVA) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new stake in Granite Construction Incorporated (NYSE:GVA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,061 shares of the construction company's stock, valued at approximately $1,321,000.

Several other institutional investors have also recently added to or reduced their stakes in GVA. Pacer Advisors Inc. acquired a new position in Granite Construction during the fourth quarter worth about $92,154,000. Hennessy Advisors Inc. acquired a new stake in Granite Construction during the fourth quarter valued at approximately $61,046,000. Norges Bank acquired a new stake in Granite Construction during the fourth quarter worth about $31,855,000. Invesco Ltd. increased its stake in shares of Granite Construction by 22.2% in the fourth quarter. Invesco Ltd. now owns 580,584 shares of the construction company's stock valued at $50,923,000 after purchasing an additional 105,420 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Granite Construction during the fourth quarter valued at approximately $5,847,000.

Insiders Place Their Bets

In related news, SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $81.55, for a total transaction of $165,138.75. Following the sale, the senior vice president now directly owns 13,880 shares in the company, valued at $1,131,914. This trade represents a 12.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James A. Radich sold 2,500 shares of the 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 transaction, the chief operating officer now directly owns 28,256 shares in the company, valued at approximately $2,462,227.84. This represents a 8.13 % 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.

Granite Construction Price Performance

Shares of NYSE:GVA traded down $1.49 on Monday, reaching $75.76. 14,795 shares of the company traded hands, compared to its average volume of 634,108. Granite Construction Incorporated has a fifty-two week low of $53.16 and a fifty-two week high of $105.20. The stock has a market capitalization of $3.29 billion, a PE ratio of 30.68 and a beta of 1.26. 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's 50 day moving average is $78.03 and its 200-day moving average is $86.00.

Granite Construction (NYSE:GVA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.19). The company 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 period in the prior year, the company posted $0.82 EPS. As a group, analysts anticipate that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.13 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 0.69%. Granite Construction's dividend payout ratio (DPR) is presently 21.05%.

About Granite Construction

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.