Granite Construction Incorporated (NYSE:GVA) Stake Lifted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its stake in Granite Construction Incorporated (NYSE:GVA) by 108.8% in the 4th quarter, HoldingsChannel reports. The fund owned 152,807 shares of the construction company’s stock after acquiring an additional 79,637 shares during the period. Tudor Investment Corp ET AL’s holdings in Granite Construction were worth $13,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in Granite Construction during the fourth quarter valued at approximately $92,154,000. Hennessy Advisors Inc. acquired a new stake in Granite Construction during the fourth quarter valued at approximately $61,046,000. Norges Bank acquired a new stake in Granite Construction during the fourth quarter valued at approximately $31,855,000. First Trust Advisors LP lifted its stake in Granite Construction by 35.1% during the fourth quarter. First Trust Advisors LP now owns 1,131,419 shares of the construction company’s stock valued at $99,237,000 after purchasing an additional 294,200 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Granite Construction by 1,058.0% in the 4th quarter. Voya Investment Management LLC now owns 214,777 shares of the construction company’s stock valued at $18,838,000 after acquiring an additional 196,229 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 business’s stock in a transaction dated Thursday, February 20th. The stock was 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. The trade was a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kyle T. Larkin sold 2,790 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $80.02, for a total value of $223,255.80. Following the completion of the transaction, the chief executive officer now owns 136,384 shares in the company, valued at $10,913,447.68. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,932 shares of company stock worth $896,979 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

Granite Construction Trading Up 0.5 %

NYSE GVA opened at $80.34 on Tuesday. The firm’s 50 day moving average price is $77.00 and its two-hundred day moving average price is $85.89. 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 twelve month low of $54.95 and a twelve month high of $105.20. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 32.53 and a beta of 1.26.

Granite Construction (NYSE:GVA) last issued its quarterly 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 net margin of 3.15% and a return on equity of 20.67%. The business had revenue of $977.30 million for the quarter. During the same quarter last year, the company earned $0.82 EPS. Equities analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.65%. Granite Construction’s dividend payout ratio is 21.05%.

Granite Construction 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.