Versor Investments LP Takes $866,000 Position in Granite Construction Incorporated (NYSE:GVA)

Versor Investments LP bought a new position in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,878 shares of the construction company's stock, valued at approximately $866,000.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings 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 worth $72,000 after purchasing an additional 360 shares during the period. KBC Group NV grew its stake 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 buying an additional 368 shares during the last quarter. GAMMA Investing LLC lifted its position in Granite Construction by 8.5% during the 4th quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company's stock worth $191,000 after acquiring an additional 171 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Granite Construction during the 3rd quarter worth about $203,000. Finally, R Squared Ltd acquired a new stake in Granite Construction in the 4th quarter valued at approximately $211,000.

Granite Construction Stock Performance

GVA stock traded down $1.21 during trading on Monday, reaching $81.37. 585,467 shares of the stock were exchanged, compared to its average volume of 581,000. Granite Construction Incorporated has a twelve month low of $50.97 and a twelve month high of $105.20. The company has a market capitalization of $3.53 billion, a P/E ratio of 32.94 and a beta of 1.42. The stock has a 50 day simple moving average of $88.10 and a 200-day simple moving average of $85.94. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68.

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Granite Construction (NYSE:GVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.19). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The company had revenue of $977.30 million for the quarter. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Granite Construction Incorporated will post 5.49 earnings per share for the current year.

Granite Construction Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, December 31st. Granite Construction's dividend payout ratio is presently 21.05%.

Insider Activity at Granite Construction

In related news, COO James A. Radich sold 2,500 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,462,227.84. The trade was a 8.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian R. Dowd sold 2,025 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $81.55, for a total transaction of $165,138.75. Following the completion of the transaction, the senior vice president now owns 13,880 shares of the company's stock, valued at $1,131,914. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Granite Construction 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.