Natixis Has $34,000 Holdings in Granite Construction Incorporated (NYSE:GVA)

Natixis lessened its position in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 387 shares of the construction company's stock after selling 8,000 shares during the period. Natixis' holdings in Granite Construction were worth $34,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GVA. Pacer Advisors Inc. acquired a new stake in Granite Construction during the fourth quarter worth approximately $92,154,000. Hennessy Advisors Inc. bought a new stake in Granite Construction during the fourth quarter worth $61,046,000. Norges Bank bought a new position in shares of Granite Construction in the 4th quarter valued at $31,855,000. First Trust Advisors LP raised its holdings in shares of Granite Construction by 35.1% during the 4th quarter. First Trust Advisors LP now owns 1,131,419 shares of the construction company's stock worth $99,237,000 after buying an additional 294,200 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Granite Construction by 22.2% during the 4th quarter. Invesco Ltd. now owns 580,584 shares of the construction company's stock worth $50,923,000 after buying an additional 105,420 shares during the last quarter.

Insider Buying and Selling at Granite Construction

In related news, COO James A. Radich sold 2,500 shares of the 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 sale, the chief operating officer now directly owns 28,256 shares in the company, valued at $2,462,227.84. This represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kyle T. Larkin sold 2,790 shares of Granite Construction stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $80.02, for a total value of $223,255.80. Following the transaction, the chief executive officer now directly owns 136,384 shares in the company, valued at $10,913,447.68. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,932 shares of company stock worth $896,979. 0.81% of the stock is currently owned by insiders.

Granite Construction Price Performance

NYSE GVA traded up $0.43 during trading on Tuesday, hitting $80.72. 498,617 shares of the company's stock were exchanged, compared to its average volume of 640,587. The company has a market cap of $3.51 billion, a PE ratio of 32.68 and a beta of 1.26. 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 fifty-two week low of $54.95 and a fifty-two week high of $105.20. The stock's 50 day moving average price is $77.00 and its two-hundred day moving average price is $85.89.

Granite Construction (NYSE:GVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 EPS 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 period last year, the firm posted $0.82 earnings per share. Research analysts expect 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. Shareholders of record on Monday, March 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.64%. Granite Construction's payout ratio is presently 21.05%.

Granite Construction Company 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.