Quantbot Technologies LP Has $2.95 Million Stock Position in Granite Construction Incorporated (NYSE:GVA)

Quantbot Technologies LP boosted its stake in Granite Construction Incorporated (NYSE:GVA - Free Report) by 635.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,624 shares of the construction company's stock after purchasing an additional 29,049 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Granite Construction worth $2,949,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GVA. CIBC Asset Management Inc acquired a new stake in Granite Construction during the 3rd quarter worth $214,000. Natixis Advisors LLC raised its position in shares of Granite Construction by 6.2% during the third quarter. Natixis Advisors LLC now owns 13,712 shares of the construction company's stock worth $1,087,000 after purchasing an additional 806 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Granite Construction during the 3rd quarter valued at about $1,749,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Granite Construction by 20.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,354 shares of the construction company's stock valued at $1,138,000 after purchasing an additional 2,433 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Granite Construction during the 3rd quarter worth approximately $1,312,000.

Granite Construction Stock Up 2.0 %

GVA traded up $1.57 during trading on Tuesday, reaching $79.28. The company had a trading volume of 278,305 shares, compared to its average volume of 578,325. The company has a market cap of $3.44 billion, a P/E ratio of 32.10 and a beta of 1.34. Granite Construction Incorporated has a 12 month low of $52.99 and a 12 month high of $105.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. The business's fifty day moving average price is $83.74 and its 200 day moving average price is $86.25.

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Granite Construction (NYSE:GVA - Get Free Report) last released its earnings results on Thursday, February 13th. The construction company reported $1.23 EPS 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 quarter last year, the firm earned $0.82 EPS. Equities analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, March 31st. Granite Construction's dividend payout ratio (DPR) is currently 21.05%.

Insider Activity

In related news, COO James A. Radich sold 2,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were 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 approximately $2,462,227.84. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brian R. Dowd sold 2,025 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

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.