Granite Construction Incorporated (NYSE:GVA) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 635.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,624 shares of the construction company's stock after purchasing an additional 29,049 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Granite Construction worth $2,949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of GVA. Steward Partners Investment Advisory LLC purchased a new position in shares of Granite Construction during the fourth quarter worth about $89,000. Smartleaf Asset Management LLC lifted its position in Granite Construction by 193.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company's stock worth $119,000 after acquiring an additional 887 shares during the period. KBC Group NV grew its stake in shares of 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 purchasing an additional 368 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Granite Construction by 8.5% in the fourth quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company's stock valued at $191,000 after purchasing an additional 171 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Granite Construction during the third quarter worth approximately $203,000.

Insider Activity

In other Granite Construction news, SVP Brian R. Dowd sold 2,025 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $81.55, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $217,850.00. Following the sale, the chief operating officer now 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. Insiders own 0.81% of the company's stock.

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Granite Construction Stock Performance

Shares of NYSE GVA traded down $1.49 during mid-day trading on Thursday, hitting $75.75. 473,833 shares of the company were exchanged, compared to its average volume of 579,704. The stock has a 50 day simple moving average of $82.91 and a 200-day simple moving average of $86.17. Granite Construction Incorporated has a 1-year low of $52.99 and a 1-year 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 $3.29 billion, a price-to-earnings ratio of 30.67 and a beta of 1.34.

Granite Construction (NYSE:GVA - Get Free Report) last issued its 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). The firm 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 last year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.69%. Granite Construction's dividend payout ratio is currently 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.