Steward Partners Investment Advisory LLC Makes New $89,000 Investment in Granite Construction Incorporated (NYSE:GVA)

Steward Partners Investment Advisory LLC bought a new stake in shares of Granite Construction Incorporated (NYSE:GVA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,011 shares of the construction company’s stock, valued at approximately $89,000.

A number of other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of Granite Construction by 193.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company’s stock valued at $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 fourth 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 in the last quarter. GAMMA Investing LLC grew 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 buying an additional 171 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Granite Construction during the 3rd quarter valued at $203,000. Finally, R Squared Ltd acquired a new stake in shares of Granite Construction during the fourth quarter worth $211,000.

Granite Construction Stock Down 0.5 %

GVA opened at $73.65 on Tuesday. The company has a market capitalization of $3.20 billion, a P/E ratio of 29.82 and a beta of 1.34. The stock has a fifty day moving average of $84.96 and a 200-day moving average of $86.17. Granite Construction Incorporated has a fifty-two week low of $52.99 and a fifty-two week high of $105.20. 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) last released its earnings results 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 business had revenue of $977.30 million during the quarter. During the same quarter in the previous year, the company posted $0.82 EPS. On average, equities analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current year.

Insider Transactions at Granite Construction

In related news, COO James A. Radich sold 2,500 shares of the company’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 sale, the chief operating officer now directly owns 28,256 shares in the company, valued at $2,462,227.84. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $165,138.75. Following the completion of the sale, 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 disclosure for this sale can be found here. Company 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.