Granite Construction Incorporated (NYSE:GVA) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in Granite Construction Incorporated (NYSE:GVA - Free Report) by 147.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,251 shares of the construction company's stock after purchasing an additional 25,738 shares during the period. Los Angeles Capital Management LLC owned 0.10% of Granite Construction worth $3,794,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of Granite Construction by 66.4% during the third quarter. Blue Trust Inc. now owns 902 shares of the construction company's stock valued at $72,000 after buying an additional 360 shares during the last quarter. KBC Group NV increased its holdings in Granite Construction by 26.6% in the 4th quarter. KBC Group NV now owns 1,751 shares of the construction company's stock valued at $154,000 after acquiring an additional 368 shares during the last quarter. GAMMA Investing LLC lifted its stake in Granite Construction by 8.5% in the 4th quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company's stock worth $191,000 after purchasing an additional 171 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Granite Construction during the 3rd quarter valued at about $203,000. Finally, R Squared Ltd purchased a new stake in shares of Granite Construction in the fourth quarter worth about $211,000.

Insider Activity

In other news, 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 transaction, the senior vice president now directly owns 13,880 shares in the company, valued at approximately $1,131,914. This trade 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 business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total value of $217,850.00. Following the completion of the transaction, the chief operating officer now directly owns 28,256 shares of the company's stock, valued at approximately $2,462,227.84. The trade was 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.

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Granite Construction Price Performance

NYSE:GVA traded down $1.21 during trading hours on Monday, reaching $81.37. The stock had a trading volume of 585,467 shares, compared to its average volume of 581,000. The stock has a market capitalization of $3.53 billion, a PE ratio of 32.94 and a beta of 1.42. Granite Construction Incorporated has a 52 week low of $50.97 and a 52 week high of $105.20. The company has a 50 day moving average price of $88.10 and a two-hundred day moving average price of $85.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.56 and a current ratio of 1.66.

Granite Construction (NYSE:GVA - Get Free Report) last announced 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 return on equity of 20.67% and a net margin of 3.15%. The business had revenue of $977.30 million during the quarter. During the same quarter in the previous year, the company earned $0.82 EPS. As a group, sell-side analysts anticipate that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. Granite Construction's dividend payout ratio is 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.