Granite Construction Incorporated (NYSE:GVA) SVP Brian R. Dowd Sells 2,025 Shares

Granite Construction Incorporated (NYSE:GVA - Get Free Report) SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction 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 completion of the transaction, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. The trade was a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Granite Construction Trading Down 0.4 %

Shares of Granite Construction stock traded down $0.34 during trading on Tuesday, hitting $81.09. The stock had a trading volume of 188,330 shares, compared to its average volume of 571,836. Granite Construction Incorporated has a 1 year low of $50.97 and a 1 year high of $105.20. The stock has a 50 day simple moving average of $87.92 and a 200 day simple moving average of $86.02. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.52 billion, a PE ratio of 32.83 and a beta of 1.42.

Granite Construction (NYSE:GVA - Get Free Report) last issued its quarterly 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 business had revenue of $977.30 million for the quarter. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. During the same quarter last year, the company earned $0.82 EPS. On average, research analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

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Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Tuesday, December 31st. Granite Construction's dividend payout ratio (DPR) is 21.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in shares of Granite Construction during the 4th quarter valued at $26,000. Quarry LP boosted its position in Granite Construction by 68.4% during the fourth quarter. Quarry LP now owns 325 shares of the construction company's stock valued at $29,000 after purchasing an additional 132 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in Granite Construction by 112.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 900 shares of the construction company's stock valued at $79,000 after purchasing an additional 477 shares in the last quarter. Blue Trust Inc. increased its position in Granite Construction by 66.4% in the 3rd quarter. Blue Trust Inc. now owns 902 shares of the construction company's stock worth $72,000 after purchasing an additional 360 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Granite Construction during the 4th quarter worth about $89,000.

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.