Granite Construction Incorporated (NYSE:GVA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Granite Construction Incorporated (NYSE:GVA) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,326 shares of the construction company’s stock after acquiring an additional 614 shares during the period. Natixis Advisors LLC’s holdings in Granite Construction were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GVA. Commonwealth Equity Services LLC grew its stake in shares of Granite Construction by 3.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,055 shares of the construction company’s stock worth $531,000 after purchasing an additional 223 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its holdings in Granite Construction by 4.5% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 54,789 shares of the construction company’s stock worth $4,813,000 after buying an additional 2,364 shares in the last quarter. HighTower Advisors LLC grew its position in Granite Construction by 10.9% in the fourth quarter. HighTower Advisors LLC now owns 16,731 shares of the construction company’s stock worth $1,467,000 after buying an additional 1,639 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Granite Construction by 18.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,723 shares of the construction company’s stock valued at $1,028,000 after buying an additional 1,804 shares in the last quarter. Finally, Amundi lifted its position in shares of Granite Construction by 191.9% during the 4th quarter. Amundi now owns 22,449 shares of the construction company’s stock valued at $1,984,000 after acquiring an additional 14,758 shares during the last quarter.

Insider Activity at Granite Construction

In related news, SVP Brian R. Dowd sold 2,025 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $81.55, for a total value of $165,138.75. Following the completion of the sale, the senior vice president now directly owns 13,880 shares of the company’s stock, valued at approximately $1,131,914. This represents a 12.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James A. Radich sold 2,500 shares of Granite Construction stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the transaction, 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 disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Granite Construction Stock Performance

Shares of NYSE GVA opened at $79.29 on Wednesday. The stock’s fifty day simple moving average is $83.52 and its 200 day simple moving average is $86.31. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 32.10 and a beta of 1.34. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. Granite Construction Incorporated has a 52-week low of $52.99 and a 52-week high of $105.20.

Granite Construction (NYSE:GVA) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19). The company had revenue of $977.30 million during the quarter. Granite Construction had a return on equity of 20.67% and a net margin of 3.15%. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, sell-side analysts forecast that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.13 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.66%. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

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.