Granite Construction Incorporated (NYSE:GVA) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Granite Construction Incorporated (NYSE:GVA) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,376 shares of the construction company’s stock after purchasing an additional 139 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Granite Construction were worth $910,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its position in shares of Granite Construction by 0.5% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Granite Construction by 8.5% during the fourth quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company’s stock worth $191,000 after purchasing an additional 171 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Granite Construction by 6.7% during the fourth quarter. Atomi Financial Group Inc. now owns 4,769 shares of the construction company’s stock worth $418,000 after purchasing an additional 301 shares in the last quarter. KBC Group NV lifted its position in shares of Granite Construction by 26.6% during the fourth quarter. KBC Group NV now owns 1,751 shares of the construction company’s stock worth $154,000 after purchasing an additional 368 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Granite Construction by 0.7% during the fourth quarter. D.A. Davidson & CO. now owns 65,861 shares of the construction company’s stock worth $5,777,000 after purchasing an additional 477 shares in the last quarter.

Insider Buying and Selling at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Brian R. Dowd sold 2,025 shares of the 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 directly owns 13,880 shares of the company’s stock, 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. 0.81% of the stock is currently owned by insiders.

Granite Construction Stock Down 3.0 %

GVA stock opened at $73.87 on Monday. The company’s 50 day moving average price is $86.87 and its 200 day moving average price is $86.20. 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 Incorporated has a fifty-two week low of $52.88 and a fifty-two week high of $105.20. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 29.91 and a beta of 1.34.

Granite Construction (NYSE:GVA) last released its earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share 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 for the quarter. During the same quarter last year, the firm earned $0.82 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Tuesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.70%. Granite Construction’s dividend payout ratio is currently 21.05%.

About Granite Construction

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.