US Bancorp DE Acquires 1,540 Shares of Granite Construction Incorporated (NYSE:GVA)

US Bancorp DE boosted its stake in Granite Construction Incorporated (NYSE:GVA) by 56.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,270 shares of the construction company’s stock after buying an additional 1,540 shares during the period. US Bancorp DE’s holdings in Granite Construction were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KBC Group NV raised 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 worth $154,000 after acquiring an additional 368 shares during the last quarter. GAMMA Investing LLC grew its position 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 valued at $191,000 after acquiring an additional 171 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Granite Construction during the 3rd quarter valued at $203,000. R Squared Ltd bought a new stake in shares of Granite Construction during the 4th quarter valued at $211,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Granite Construction during the 3rd quarter valued at $214,000.

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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction on Friday, February 28th. The shares were sold at an average price of $81.55, for a total transaction of $165,138.75. Following the transaction, the senior vice president now owns 13,880 shares in the company, valued at approximately $1,131,914. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Granite Construction Trading Down 1.0 %

Shares of GVA stock opened at $72.44 on Friday. Granite Construction Incorporated has a 1 year low of $52.99 and a 1 year high of $105.20. The firm has a fifty day moving average price of $85.90 and a 200-day moving average price of $86.09. 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 has a market cap of $3.15 billion, a price-to-earnings ratio of 29.33 and a beta of 1.34.

Granite Construction (NYSE:GVA) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) 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 period last year, the firm posted $0.82 earnings per share. As a group, equities analysts predict that Granite Construction Incorporated will post 5.49 earnings per share for the current year.

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.