Trexquant Investment LP raised its holdings in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 343.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,058 shares of the construction company's stock after purchasing an additional 58,143 shares during the period. Trexquant Investment LP owned 0.17% of Granite Construction worth $6,583,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Granite Construction during the 4th quarter valued at $89,000. Smartleaf Asset Management LLC increased its stake in Granite Construction by 193.7% during the fourth 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 last quarter. KBC Group NV raised its holdings in Granite Construction by 26.6% during the 4th quarter. KBC Group NV now owns 1,751 shares of the construction company's stock valued at $154,000 after buying an additional 368 shares during the period. GAMMA Investing LLC raised its stake 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 acquiring an additional 171 shares during the period. Finally, R Squared Ltd purchased a new stake in Granite Construction in the 4th quarter worth about $211,000.
Insider Transactions at Granite Construction
In other Granite Construction news, SVP Brian R. Dowd sold 2,025 shares of the company'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 sale, the senior vice president now owns 13,880 shares in the company, valued at approximately $1,131,914. This represents a 12.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO James A. Radich sold 2,500 shares of the company's stock in a transaction dated 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 $2,462,227.84. The trade was a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.
Granite Construction Trading Down 1.8 %
GVA stock traded down $1.36 during midday trading on Thursday, reaching $76.24. The company's stock had a trading volume of 206,179 shares, compared to its average volume of 687,140. Granite Construction Incorporated has a 1 year low of $52.99 and a 1 year high of $105.20. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 30.77 and a beta of 1.26. The stock has a fifty day simple moving average of $79.48 and a two-hundred day simple moving average of $86.05. 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 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 for the quarter. During the same quarter in the prior year, the company posted $0.82 EPS. On average, equities research analysts predict that Granite Construction Incorporated will post 5.49 EPS for the current year.
Granite Construction Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, March 31st. Granite Construction's dividend payout ratio (DPR) is presently 21.05%.
Granite Construction Profile
(
Free Report)
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.
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