Granite Construction Incorporated (NYSE:GVA) Shares Acquired by KBC Group NV

KBC Group NV increased its position in shares of Granite Construction Incorporated (NYSE:GVA) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,751 shares of the construction company’s stock after acquiring an additional 368 shares during the quarter. KBC Group NV’s holdings in Granite Construction were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in Granite Construction by 176.4% in the 3rd quarter. HighTower Advisors LLC now owns 15,092 shares of the construction company’s stock valued at $1,199,000 after purchasing an additional 9,631 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in Granite Construction in the fourth quarter valued at approximately $545,000. RPg Family Wealth Advisory LLC acquired a new position in Granite Construction in the third quarter valued at approximately $4,163,000. GAMMA Investing LLC grew its position in Granite Construction by 82.5% in the third quarter. GAMMA Investing LLC now owns 2,007 shares of the construction company’s stock worth $159,000 after acquiring an additional 907 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Granite Construction during the third quarter worth $1,312,000.

Granite Construction Stock Performance

Shares of Granite Construction stock opened at $88.79 on Friday. The firm has a market cap of $3.88 billion, a PE ratio of 40.73 and a beta of 1.42. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 0.69. Granite Construction Incorporated has a 52 week low of $45.74 and a 52 week high of $105.20. The business’s fifty day simple moving average is $91.38 and its 200-day simple moving average is $83.81.

Granite Construction Announces Dividend

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

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.