Entropy Technologies LP Raises Stock Holdings in Granite Construction Incorporated (NYSE:GVA)

Entropy Technologies LP raised its stake in Granite Construction Incorporated (NYSE:GVA) by 299.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,551 shares of the construction company’s stock after buying an additional 15,403 shares during the quarter. Entropy Technologies LP’s holdings in Granite Construction were worth $1,803,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GVA. Blue Trust Inc. boosted its holdings in shares of Granite Construction by 66.4% in the 3rd quarter. Blue Trust Inc. now owns 902 shares of the construction company’s stock valued at $72,000 after buying an additional 360 shares in the last quarter. KBC Group NV boosted its stake in 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 acquiring an additional 368 shares in the last quarter. GAMMA Investing LLC grew its holdings in Granite Construction by 82.5% in the third quarter. GAMMA Investing LLC now owns 2,007 shares of the construction company’s stock worth $159,000 after purchasing an additional 907 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Granite Construction during the third quarter worth $203,000. Finally, R Squared Ltd purchased a new stake in shares of Granite Construction during the 4th quarter valued at $211,000.

Granite Construction Stock Down 0.5 %

Granite Construction stock opened at $88.43 on Monday. The business has a fifty day moving average price of $91.16 and a 200-day moving average price of $84.21. Granite Construction Incorporated has a 1-year low of $46.67 and a 1-year high of $105.20. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 40.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.46.

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. Granite Construction’s payout ratio is 23.85%.

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.