James A. Radich Sells 2,500 Shares of Granite Construction Incorporated (NYSE:GVA) Stock

Granite Construction Incorporated (NYSE:GVA) COO James A. Radich sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the completion of the sale, the chief operating officer now directly owns 28,256 shares in the company, valued at approximately $2,462,227.84. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Granite Construction Stock Performance

Shares of NYSE:GVA opened at $82.15 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $89.01 and a 200-day moving average price of $85.25. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 33.26 and a beta of 1.42. Granite Construction Incorporated has a 12 month low of $48.11 and a 12 month high of $105.20.

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

Granite Construction Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, December 31st. Granite Construction’s payout ratio is 21.05%.

Institutional Trading of Granite Construction

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in shares of Granite Construction by 84.9% in the 4th quarter. Mackenzie Financial Corp now owns 6,569 shares of the construction company’s stock worth $576,000 after purchasing an additional 3,017 shares during the period. Squarepoint Ops LLC raised its stake in Granite Construction by 97.0% in the fourth quarter. Squarepoint Ops LLC now owns 41,455 shares of the construction company’s stock worth $3,636,000 after buying an additional 20,415 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Granite Construction in the fourth quarter worth about $992,000. Teza Capital Management LLC boosted its position in Granite Construction by 71.4% during the 4th quarter. Teza Capital Management LLC now owns 6,461 shares of the construction company’s stock valued at $567,000 after acquiring an additional 2,691 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Granite Construction by 7.3% during the 4th quarter. State of Wyoming now owns 20,000 shares of the construction company’s stock worth $1,754,000 after acquiring an additional 1,369 shares during the period.

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.