Marshall Wace LLP Has $10.17 Million Stock Holdings in Granite Construction Incorporated (NYSE:GVA)

Marshall Wace LLP boosted its position in shares of Granite Construction Incorporated (NYSE:GVA) by 78.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 115,920 shares of the construction company’s stock after purchasing an additional 50,978 shares during the period. Marshall Wace LLP’s holdings in Granite Construction were worth $10,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Granite Construction in the 3rd quarter valued at approximately $283,000. Tidal Investments LLC grew its position in Granite Construction by 195.8% in the third quarter. Tidal Investments LLC now owns 13,730 shares of the construction company’s stock worth $1,089,000 after acquiring an additional 9,089 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Granite Construction by 8.5% during the 4th quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company’s stock worth $191,000 after purchasing an additional 171 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Granite Construction by 8.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,946 shares of the construction company’s stock valued at $1,749,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Fiduciary Financial Group LLC bought a new stake in Granite Construction in the fourth quarter worth $545,000.

Insider Transactions at Granite Construction

In other Granite Construction news, SVP Brian R. Dowd sold 2,025 shares of the stock in a transaction 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. This represents a 12.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO James A. Radich sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the transaction, the chief operating officer now owns 28,256 shares in the company, valued at approximately $2,462,227.84. The trade was a 8.13 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Granite Construction Stock Performance

Shares of NYSE GVA opened at $75.47 on Tuesday. The business’s 50-day simple moving average is $77.80 and its 200-day simple moving average is $85.96. Granite Construction Incorporated has a 52 week low of $53.16 and a 52 week 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 firm has a market cap of $3.28 billion, a price-to-earnings ratio of 30.55 and a beta of 1.26.

Granite Construction (NYSE:GVA) last released its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19). The firm had revenue of $977.30 million during the quarter. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. During the same quarter last year, the company posted $0.82 earnings per share. As a group, equities research analysts expect that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 31st. Granite Construction’s dividend payout ratio (DPR) 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.