Blue Trust Inc. Has $49,000 Position in Granite Construction Incorporated (NYSE:GVA)

Blue Trust Inc. lessened its stake in Granite Construction Incorporated (NYSE:GVA) by 38.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 556 shares of the construction company’s stock after selling 346 shares during the period. Blue Trust Inc.’s holdings in Granite Construction were worth $49,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GVA. New York State Teachers Retirement System raised its holdings in Granite Construction by 4.0% in the 4th quarter. New York State Teachers Retirement System now owns 69,359 shares of the construction company’s stock valued at $6,083,000 after acquiring an additional 2,689 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Granite Construction during the fourth quarter valued at approximately $4,963,000. Certuity LLC acquired a new position in shares of Granite Construction in the fourth quarter valued at $232,000. Entropy Technologies LP raised its stake in shares of Granite Construction by 299.2% in the fourth quarter. Entropy Technologies LP now owns 20,551 shares of the construction company’s stock valued at $1,803,000 after purchasing an additional 15,403 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Granite Construction during the fourth quarter worth $384,000.

Insider Transactions at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total value of $217,850.00. Following the sale, the chief operating officer now directly owns 28,256 shares in the company, valued at $2,462,227.84. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Granite Construction Trading Up 0.3 %

Shares of Granite Construction stock opened at $81.84 on Wednesday. Granite Construction Incorporated has a 52-week low of $48.51 and a 52-week high of $105.20. The firm has a market capitalization of $3.56 billion, a PE ratio of 33.13 and a beta of 1.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. The company’s fifty day moving average price is $88.58 and its two-hundred day moving average price is $85.66.

Granite Construction (NYSE:GVA) last posted its 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 during the quarter. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. Granite Construction’s payout ratio is presently 21.05%.

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.