Yousif Capital Management LLC Sells 324 Shares of Granite Construction Incorporated (NYSE:GVA)

Yousif Capital Management LLC lowered its stake in Granite Construction Incorporated (NYSE:GVA) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,639 shares of the construction company’s stock after selling 324 shares during the quarter. Yousif Capital Management LLC’s holdings in Granite Construction were worth $1,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new stake in Granite Construction during the 4th quarter valued at approximately $92,154,000. Hennessy Advisors Inc. bought a new stake in Granite Construction during the 4th quarter valued at approximately $61,046,000. Fisher Asset Management LLC raised its stake in Granite Construction by 86.4% during the 3rd quarter. Fisher Asset Management LLC now owns 363,816 shares of the construction company’s stock valued at $28,843,000 after purchasing an additional 168,673 shares during the period. Brightline Capital Management LLC bought a new stake in Granite Construction during the 3rd quarter valued at approximately $11,971,000. Finally, Peregrine Asset Advisers Inc. bought a new stake in Granite Construction during the 3rd quarter valued at approximately $4,616,000.

Granite Construction Stock Down 1.1 %

Shares of GVA opened at $86.64 on Thursday. The business’s 50 day moving average is $90.48 and its 200 day moving average is $84.52. The company has a market capitalization of $3.79 billion, a PE ratio of 39.74 and a beta of 1.42. Granite Construction Incorporated has a 12-month low of $46.76 and a 12-month high of $105.20. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69.

Granite Construction Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, December 31st. Granite Construction’s dividend payout ratio (DPR) is 23.85%.

Granite Construction Company 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.