Granite Construction Incorporated (NYSE:GVA) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of Granite Construction Incorporated (NYSE:GVA) by 147.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,251 shares of the construction company’s stock after acquiring an additional 25,738 shares during the period. Los Angeles Capital Management LLC’s holdings in Granite Construction were worth $3,794,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GVA. HighTower Advisors LLC grew its stake in shares of Granite Construction by 176.4% in the third quarter. HighTower Advisors LLC now owns 15,092 shares of the construction company’s stock worth $1,199,000 after acquiring an additional 9,631 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Granite Construction in the fourth quarter valued at $545,000. Pacer Advisors Inc. acquired a new position in Granite Construction during the 4th quarter worth $92,154,000. RPg Family Wealth Advisory LLC purchased a new stake in Granite Construction during the 3rd quarter worth about $4,163,000. Finally, Intech Investment Management LLC acquired a new stake in Granite Construction in the 3rd quarter valued at about $1,312,000.

Granite Construction Trading Down 1.0 %

Shares of NYSE:GVA opened at $81.37 on Friday. The company has a market cap of $3.53 billion, a PE ratio of 32.94 and a beta of 1.42. The company’s 50 day moving average is $88.44 and its two-hundred day moving average is $85.64. Granite Construction Incorporated has a 52 week low of $49.90 and a 52 week high of $105.20. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68.

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

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.64%. Granite Construction’s dividend payout ratio is currently 21.05%.

Insider Activity at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the business’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 completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

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.