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

Aquatic Capital Management LLC lifted its holdings in shares of Granite Construction Incorporated (NYSE:GVA) by 43.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,480 shares of the construction company’s stock after buying an additional 4,080 shares during the period. Aquatic Capital Management LLC’s holdings in Granite Construction were worth $1,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new stake in Granite Construction in the fourth quarter valued at about $4,928,000. Susquehanna Fundamental Investments LLC acquired a new stake in Granite Construction in the fourth quarter valued at about $1,581,000. Voya Investment Management LLC lifted its position in Granite Construction by 1,058.0% in the fourth quarter. Voya Investment Management LLC now owns 214,777 shares of the construction company’s stock valued at $18,838,000 after purchasing an additional 196,229 shares during the period. MGO One Seven LLC lifted its position in Granite Construction by 24.3% in the fourth quarter. MGO One Seven LLC now owns 4,299 shares of the construction company’s stock valued at $377,000 after purchasing an additional 840 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Granite Construction by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,787 shares of the construction company’s stock valued at $3,666,000 after purchasing an additional 3,130 shares during the period.

Granite Construction Price Performance

Shares of NYSE:GVA opened at $80.72 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. The company has a market cap of $3.51 billion, a P/E ratio of 32.68 and a beta of 1.26. Granite Construction Incorporated has a 52 week low of $54.95 and a 52 week high of $105.20. The company has a 50-day moving average price of $76.92 and a 200 day moving average price of $85.85.

Granite Construction (NYSE:GVA) last issued its earnings results 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 company had revenue of $977.30 million during the quarter. During the same period in the previous year, the business posted $0.82 earnings per share. Research analysts predict that Granite Construction Incorporated will post 5.49 earnings per share for the current year.

Granite Construction Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.13 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.64%. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

Insider Buying and Selling at Granite Construction

In other news, SVP Brian R. Dowd sold 2,025 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 13,880 shares of the company’s stock, valued at $1,131,914. This trade represents a 12.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kyle T. Larkin sold 2,790 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $80.02, for a total transaction of $223,255.80. Following the transaction, the chief executive officer now directly owns 136,384 shares of the company’s stock, valued at approximately $10,913,447.68. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,932 shares of company stock valued at $896,979. Corporate insiders own 0.81% of the company’s stock.

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.