BayBridge Capital Group LLC Sells 606 Shares of Granite Construction Incorporated (NYSE:GVA)

BayBridge Capital Group LLC lowered its stake in Granite Construction Incorporated (NYSE:GVA) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,347 shares of the construction company’s stock after selling 606 shares during the period. BayBridge Capital Group LLC’s holdings in Granite Construction were worth $557,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GVA. Blue Trust Inc. grew its stake in Granite Construction by 66.4% during the third quarter. Blue Trust Inc. now owns 902 shares of the construction company’s stock worth $72,000 after buying an additional 360 shares in the last quarter. KBC Group NV boosted its position in shares of Granite Construction by 26.6% during 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 in the last quarter. GAMMA Investing LLC increased its stake in Granite Construction by 82.5% in the third quarter. GAMMA Investing LLC now owns 2,007 shares of the construction company’s stock valued at $159,000 after acquiring an additional 907 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Granite Construction during the third quarter valued at approximately $203,000. Finally, R Squared Ltd bought a new stake in Granite Construction during the fourth quarter worth $211,000.

Granite Construction Trading Down 0.5 %

Shares of GVA opened at $88.43 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.56. Granite Construction Incorporated has a 52-week low of $46.67 and a 52-week high of $105.20. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 40.56 and a beta of 1.42. The business’s fifty day moving average is $91.38 and its 200-day moving average is $83.81.

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, December 31st. Granite Construction’s dividend payout ratio is presently 23.85%.

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.