XTX Topco Ltd acquired a new stake in Granite Construction Incorporated (NYSE:GVA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,404 shares of the construction company's stock, valued at approximately $825,000.
Several other large investors also recently modified their holdings of the stock. Mariner LLC lifted its position in Granite Construction by 1.0% during the fourth quarter. Mariner LLC now owns 12,408 shares of the construction company's stock worth $1,088,000 after acquiring an additional 119 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Granite Construction by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,607 shares of the construction company's stock worth $404,000 after acquiring an additional 146 shares during the period. Sterling Capital Management LLC boosted its holdings in Granite Construction by 6,861.5% in the 4th quarter. Sterling Capital Management LLC now owns 4,525 shares of the construction company's stock valued at $397,000 after purchasing an additional 4,460 shares during the period. Capital Fund Management S.A. bought a new position in shares of Granite Construction during the fourth quarter worth approximately $1,321,000. Finally, CenterBook Partners LP acquired a new stake in Granite Construction during the fourth quarter worth approximately $1,616,000.
Insiders Place Their Bets
In related news, SVP Brian R. Dowd sold 2,025 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $81.55, for a total value of $165,138.75. Following the transaction, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. The trade was a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James A. Radich sold 2,500 shares of the company'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 sale, the chief operating officer now 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 disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.
Granite Construction Price Performance
GVA stock traded up $1.39 during midday trading on Tuesday, reaching $76.57. The company had a trading volume of 29,515 shares, compared to its average volume of 633,425. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 30.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. Granite Construction Incorporated has a 1-year low of $53.16 and a 1-year high of $105.20. The stock has a 50 day moving average price of $77.80 and a 200-day moving average price of $85.96.
Granite Construction (NYSE:GVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.19). The business 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 EPS. Equities research analysts expect that Granite Construction Incorporated will post 5.49 earnings per share for the current year.
Granite Construction Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, March 31st. Granite Construction's dividend payout ratio (DPR) is currently 21.05%.
About Granite Construction
(
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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