Granite Construction Incorporated (NYSE:GVA) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in Granite Construction Incorporated (NYSE:GVA) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,861 shares of the construction company’s stock after buying an additional 477 shares during the quarter. D.A. Davidson & CO. owned 0.15% of Granite Construction worth $5,777,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in Granite Construction by 176.4% in the third quarter. HighTower Advisors LLC now owns 15,092 shares of the construction company’s stock worth $1,199,000 after buying an additional 9,631 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in Granite Construction in the fourth quarter worth approximately $545,000. Pacer Advisors Inc. purchased a new position in Granite Construction during the 4th quarter worth approximately $92,154,000. RPg Family Wealth Advisory LLC purchased a new position in Granite Construction during the 3rd quarter worth approximately $4,163,000. Finally, Intech Investment Management LLC purchased a new position in Granite Construction during the 3rd quarter worth approximately $1,312,000.

Granite Construction Trading Down 1.1 %

NYSE GVA opened at $86.78 on Thursday. Granite Construction Incorporated has a twelve month low of $48.11 and a twelve month 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 has a market cap of $3.79 billion, a price-to-earnings ratio of 35.13 and a beta of 1.42. The firm’s 50 day moving average price is $89.46 and its two-hundred day moving average price is $85.16.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate 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 posted $0.82 EPS. Equities analysts anticipate that Granite Construction Incorporated will post 5.68 EPS for the current year.

Granite Construction Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, December 31st. Granite Construction’s payout ratio is 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.