Investors Research Corp Has $241,000 Holdings in Granite Construction Incorporated (NYSE:GVA)

Investors Research Corp cut its holdings in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 69.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,744 shares of the construction company's stock after selling 6,200 shares during the period. Investors Research Corp's holdings in Granite Construction were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Granite Construction by 18.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,723 shares of the construction company's stock valued at $1,028,000 after acquiring an additional 1,804 shares in the last quarter. Amundi raised its stake in shares of Granite Construction by 191.9% during the 4th quarter. Amundi now owns 22,449 shares of the construction company's stock worth $1,984,000 after purchasing an additional 14,758 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Granite Construction by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 10,376 shares of the construction company's stock valued at $910,000 after acquiring an additional 139 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Granite Construction in the 4th quarter valued at about $573,000. Finally, Proficio Capital Partners LLC acquired a new stake in Granite Construction in the 4th quarter valued at about $3,170,000.

Insider Transactions at Granite Construction

In other news, COO James A. Radich sold 2,500 shares of Granite Construction stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian R. Dowd sold 2,025 shares of the 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 sale, 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. Corporate insiders own 0.81% of the company's stock.

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Granite Construction Stock Performance

Shares of GVA traded up $1.58 during mid-day trading on Friday, reaching $74.00. The company's stock had a trading volume of 576,639 shares, compared to its average volume of 567,843. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68. Granite Construction Incorporated has a 1-year low of $52.99 and a 1-year high of $105.20. The business has a 50-day simple moving average of $85.59 and a two-hundred day simple moving average of $86.00. The stock has a market cap of $3.21 billion, a P/E ratio of 29.96 and a beta of 1.34.

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

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.