Smartleaf Asset Management LLC Has $119,000 Position in Granite Construction Incorporated (NYSE:GVA)

Smartleaf Asset Management LLC lifted its holdings in Granite Construction Incorporated (NYSE:GVA) by 193.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,345 shares of the construction company’s stock after purchasing an additional 887 shares during the period. Smartleaf Asset Management LLC’s holdings in Granite Construction were worth $119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of 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 stake in shares of Granite Construction in the 4th quarter valued at $545,000. Pacer Advisors Inc. acquired a new stake in shares of Granite Construction in the 4th quarter valued at $92,154,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Granite Construction in the 3rd quarter valued at $4,163,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Granite Construction in the 3rd quarter valued at $1,312,000.

Insider Buying and Selling

In related news, SVP Brian R. Dowd sold 2,025 shares of Granite Construction stock in a transaction on Friday, February 28th. The shares were sold at an average price of $81.55, for a total value of $165,138.75. Following the transaction, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. This trade represents a 12.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James A. Radich sold 2,500 shares of Granite Construction stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $87.14, for a total transaction of $217,850.00. Following the completion of the transaction, the chief operating officer now owns 28,256 shares in the company, valued at $2,462,227.84. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Granite Construction Stock Down 3.0 %

GVA stock opened at $73.87 on Friday. 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 Incorporated has a 1 year low of $52.88 and a 1 year high of $105.20. The company has a fifty day simple moving average of $87.17 and a 200 day simple moving average of $85.97. The firm has a market cap of $3.21 billion, a PE ratio of 29.91 and a beta of 1.34.

Granite Construction (NYSE:GVA) last announced its earnings results on Thursday, February 13th. The construction company reported $1.23 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 return on equity of 20.67% and a net margin of 3.15%. During the same quarter in the previous year, the business earned $0.82 EPS. Sell-side analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.70%. Granite Construction’s dividend payout ratio (DPR) is presently 21.05%.

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.