Granite Construction Incorporated (NYSE:GVA) Stock Position Reduced by Swiss National Bank

Swiss National Bank lessened its position in shares of Granite Construction Incorporated (NYSE:GVA) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 86,000 shares of the construction company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Granite Construction were worth $7,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Granite Construction by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 23,747 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 115 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Granite Construction by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 10,376 shares of the construction company’s stock valued at $910,000 after acquiring an additional 139 shares during the period. GAMMA Investing LLC increased its position in Granite Construction by 8.5% in the 4th 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. Atomi Financial Group Inc. increased its position in Granite Construction by 6.7% in the 4th quarter. Atomi Financial Group Inc. now owns 4,769 shares of the construction company’s stock valued at $418,000 after acquiring an additional 301 shares during the period. Finally, KBC Group NV increased its position in shares of 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 purchasing an additional 368 shares during the period.

Granite Construction Stock Down 0.2 %

GVA opened at $76.13 on Friday. Granite Construction Incorporated has a one year low of $52.99 and a one year 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. The stock’s fifty day moving average is $83.95 and its 200-day moving average is $86.11. The company has a market capitalization of $3.31 billion, a PE ratio of 30.82 and a beta of 1.34.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19). Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. The firm had revenue of $977.30 million during the quarter. During the same quarter in the previous year, the company earned $0.82 earnings per share. On average, equities analysts predict that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 31st. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

Insider Transactions at Granite Construction

In other news, COO James A. Radich sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian R. Dowd sold 2,025 shares of Granite Construction 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. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

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.