5,815 Shares in Granite Construction Incorporated (NYSE:GVA) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in Granite Construction Incorporated (NYSE:GVA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,815 shares of the construction company’s stock, valued at approximately $510,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in Granite Construction in the 4th quarter worth approximately $89,000. Smartleaf Asset Management LLC boosted its holdings in Granite Construction by 193.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company’s stock valued at $119,000 after purchasing an additional 887 shares during the period. KBC Group NV boosted its holdings in Granite Construction by 26.6% in 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. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 171 shares during the period. Finally, Point72 DIFC Ltd bought a new position in Granite Construction in the 3rd quarter valued at $203,000.

Insider Activity

In related news, COO James A. Radich sold 2,500 shares of Granite Construction stock in a transaction 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 owns 28,256 shares in the company, valued at $2,462,227.84. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction on Friday, February 28th. The stock was sold at an average price of $81.55, for a total transaction of $165,138.75. Following the completion of the transaction, the senior vice president now owns 13,880 shares in the company, valued at approximately $1,131,914. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Granite Construction Stock Down 0.2 %

Shares of NYSE:GVA opened at $76.13 on Friday. The firm has a fifty day moving average price of $83.95 and a two-hundred day moving average price of $86.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. Granite Construction Incorporated has a one year low of $52.99 and a one year high of $105.20. The company has a market cap of $3.31 billion, a price-to-earnings 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 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.19). The company had revenue of $977.30 million for the quarter. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, March 31st. Granite Construction’s dividend payout ratio (DPR) 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.