Granite Construction Incorporated (NYSE:GVA) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its holdings in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,730 shares of the construction company's stock after selling 26,230 shares during the period. Granite Construction accounts for approximately 1.0% of John G Ullman & Associates Inc.'s investment portfolio, making the stock its 25th biggest position. John G Ullman & Associates Inc. owned about 0.18% of Granite Construction worth $6,993,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GVA. US Bancorp DE grew its stake in shares of Granite Construction by 56.4% in the 4th quarter. US Bancorp DE now owns 4,270 shares of the construction company's stock valued at $375,000 after buying an additional 1,540 shares during the period. Versor Investments LP purchased a new stake in shares of Granite Construction in the 4th quarter valued at approximately $866,000. Proficio Capital Partners LLC purchased a new stake in shares of Granite Construction in the 4th quarter valued at approximately $3,170,000. Illinois Municipal Retirement Fund grew its stake in shares of Granite Construction by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 23,747 shares of the construction company's stock valued at $2,083,000 after buying an additional 115 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Granite Construction by 147.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 43,251 shares of the construction company's stock valued at $3,794,000 after buying an additional 25,738 shares during the period.

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Insider Transactions at Granite Construction

In other news, SVP Brian R. Dowd sold 2,025 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $81.55, for a total value of $165,138.75. Following the transaction, the senior vice president now directly owns 13,880 shares in the company, valued at approximately $1,131,914. This represents a 12.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James A. Radich sold 2,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now 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. Company insiders own 0.81% of the company's stock.

Granite Construction Trading Up 0.0 %

Shares of Granite Construction stock traded up $0.02 during mid-day trading on Wednesday, hitting $79.59. The stock had a trading volume of 691,223 shares, compared to its average volume of 583,184. The firm has a 50-day moving average of $87.69 and a two-hundred day moving average of $86.08. Granite Construction Incorporated has a 12-month low of $51.41 and a 12-month high of $105.20. 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 firm has a market cap of $3.46 billion, a P/E ratio of 32.22 and a beta of 1.42.

Granite Construction (NYSE:GVA - Get Free Report) last posted its quarterly earnings results 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). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The firm had revenue of $977.30 million during the quarter. During the same period last year, the business posted $0.82 earnings per share. Sell-side analysts forecast that Granite Construction Incorporated will post 5.49 earnings per share for the current year.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.65%. Granite Construction's dividend payout ratio is currently 21.05%.

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.