Quantbot Technologies LP Raises Holdings in Granite Construction Incorporated (NYSE:GVA)

Quantbot Technologies LP raised its stake in Granite Construction Incorporated (NYSE:GVA) by 635.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,624 shares of the construction company’s stock after purchasing an additional 29,049 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Granite Construction worth $2,949,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GVA. Steward Partners Investment Advisory LLC purchased a new position in Granite Construction in the fourth quarter valued at about $89,000. Smartleaf Asset Management LLC raised its position in Granite Construction by 193.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company’s stock valued at $119,000 after purchasing an additional 887 shares during the period. KBC Group NV raised its position in Granite Construction by 26.6% in the fourth quarter. KBC Group NV now owns 1,751 shares of the construction company’s stock valued at $154,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC raised its position in Granite Construction by 8.5% in the fourth quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company’s stock valued at $191,000 after purchasing an additional 171 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Granite Construction in the third quarter valued at about $203,000.

Insider Activity

In related news, SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $81.55, for a total value of $165,138.75. Following the completion of the transaction, the senior vice president now directly owns 13,880 shares in the company, valued at approximately $1,131,914. This trade represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James A. Radich sold 2,500 shares of Granite Construction 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 completion of the transaction, the chief operating officer now owns 28,256 shares of the company’s stock, valued at $2,462,227.84. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Granite Construction Trading Down 0.2 %

NYSE:GVA opened at $76.13 on Friday. The business’s 50-day moving average is $83.95 and its two-hundred day moving average is $86.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56. Granite Construction Incorporated has a 12 month low of $52.99 and a 12 month high of $105.20. The firm has a market capitalization of $3.31 billion, a PE ratio of 30.82 and a beta of 1.34.

Granite Construction (NYSE:GVA) last announced its earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.19). The business had revenue of $977.30 million for the quarter. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. During the same period in the previous year, the company earned $0.82 EPS. Research analysts predict that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.68%. Granite Construction’s dividend payout ratio is presently 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.