RPG Investment Advisory LLC Sells 1,942 Shares of Granite Construction Incorporated (NYSE:GVA)

RPG Investment Advisory LLC decreased its stake in Granite Construction Incorporated (NYSE:GVA) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,691 shares of the construction company’s stock after selling 1,942 shares during the quarter. Granite Construction makes up 2.7% of RPG Investment Advisory LLC’s holdings, making the stock its 7th biggest position. RPG Investment Advisory LLC owned about 0.52% of Granite Construction worth $20,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Granite Construction by 8.5% during the fourth quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company’s stock worth $191,000 after acquiring an additional 171 shares during the last quarter. Atomi Financial Group Inc. boosted its position in Granite Construction by 6.7% during the fourth quarter. Atomi Financial Group Inc. now owns 4,769 shares of the construction company’s stock worth $418,000 after acquiring an additional 301 shares during the last quarter. Blue Trust Inc. boosted its position in Granite Construction by 66.4% during the third quarter. Blue Trust Inc. now owns 902 shares of the construction company’s stock worth $72,000 after acquiring an additional 360 shares during the last quarter. KBC Group NV boosted its position in Granite Construction by 26.6% during the fourth quarter. KBC Group NV now owns 1,751 shares of the construction company’s stock worth $154,000 after acquiring an additional 368 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in Granite Construction by 0.7% during the fourth quarter. D.A. Davidson & CO. now owns 65,861 shares of the construction company’s stock worth $5,777,000 after acquiring an additional 477 shares during the last quarter.

Granite Construction Stock Performance

GVA opened at $82.15 on Monday. The firm has a market capitalization of $3.57 billion, a PE ratio of 33.26 and a beta of 1.42. Granite Construction Incorporated has a twelve month low of $48.11 and a twelve month high of $105.20. The firm’s 50-day moving average price is $89.01 and its 200 day moving average price is $85.49. 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 (NYSE:GVA) last posted 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 business had revenue of $977.30 million for 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 firm earned $0.82 EPS. As a group, sell-side analysts expect that Granite Construction Incorporated will post 5.49 EPS for the current fiscal year.

Granite Construction Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.63%. Granite Construction’s payout ratio is 21.05%.

Insider Buying and Selling at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the business’s 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 $2,462,227.84. The trade was a 8.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.