Granite Construction Incorporated (NYSE:GVA) COO James A. Radich Sells 2,500 Shares of Stock

Granite Construction Incorporated (NYSE:GVA) COO James A. Radich sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total transaction 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. This represents a 8.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Granite Construction Price Performance

NYSE:GVA opened at $84.52 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. Granite Construction Incorporated has a 52 week low of $48.11 and a 52 week high of $105.20. The stock’s 50-day moving average price is $89.24 and its 200-day moving average price is $85.16. The stock has a market capitalization of $3.67 billion, a PE ratio of 34.22 and a beta of 1.42.

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 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 period in the previous year, the business earned $0.82 EPS. As a group, equities analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.62%. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

Institutional Investors Weigh In On Granite Construction

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Granite Construction by 11.0% during the fourth quarter. Millennium Management LLC now owns 2,651,676 shares of the construction company’s stock valued at $232,579,000 after acquiring an additional 263,302 shares during the last quarter. First Trust Advisors LP lifted its holdings in Granite Construction by 35.1% in the 4th quarter. First Trust Advisors LP now owns 1,131,419 shares of the construction company’s stock valued at $99,237,000 after purchasing an additional 294,200 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Granite Construction during the 4th quarter worth $92,154,000. Hill City Capital LP grew its holdings in shares of Granite Construction by 5.2% during the third quarter. Hill City Capital LP now owns 978,938 shares of the construction company’s stock worth $77,610,000 after buying an additional 48,440 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Granite Construction in the fourth quarter valued at about $61,046,000.

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.