Fuller & Thaler Asset Management Inc. Sells 168,084 Shares of Granite Construction Incorporated (NYSE:GVA)

Fuller & Thaler Asset Management Inc. decreased its position in Granite Construction Incorporated (NYSE:GVA - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,193,576 shares of the construction company's stock after selling 168,084 shares during the quarter. Granite Construction makes up approximately 0.7% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 28th largest holding. Fuller & Thaler Asset Management Inc. owned 5.02% of Granite Construction worth $192,399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MGO One Seven LLC boosted its stake in Granite Construction by 24.3% during the 4th quarter. MGO One Seven LLC now owns 4,299 shares of the construction company's stock valued at $377,000 after purchasing an additional 840 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Granite Construction by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,787 shares of the construction company's stock valued at $3,666,000 after acquiring an additional 3,130 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Granite Construction in the fourth quarter worth $479,000. Hsbc Holdings PLC increased its position in Granite Construction by 492.1% during the fourth quarter. Hsbc Holdings PLC now owns 38,594 shares of the construction company's stock worth $3,399,000 after acquiring an additional 32,076 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in Granite Construction by 3.4% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,299 shares of the construction company's stock valued at $377,000 after purchasing an additional 142 shares during the last quarter.

Insiders Place Their Bets

In other news, COO James A. Radich sold 2,500 shares of Granite Construction 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at approximately $1,131,914. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Granite Construction Stock Performance

NYSE GVA opened at $76.55 on Wednesday. The company's fifty day moving average is $77.59 and its two-hundred day moving average is $85.90. Granite Construction Incorporated has a 52-week low of $53.54 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 firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 30.99 and a beta of 1.26.

Granite Construction (NYSE:GVA - Get Free Report) last released 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). The firm 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 business posted $0.82 earnings per share. Equities research analysts forecast that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 0.68%. Granite Construction's dividend payout ratio (DPR) is currently 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.

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