State of Alaska Department of Revenue Has $2.17 Million Holdings in Granite Construction Incorporated (NYSE:GVA)

State of Alaska Department of Revenue lowered its stake in Granite Construction Incorporated (NYSE:GVA) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,783 shares of the construction company’s stock after selling 141 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Granite Construction worth $2,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GVA. Pacer Advisors Inc. acquired a new stake in shares of Granite Construction in the fourth quarter worth about $92,154,000. Hennessy Advisors Inc. bought a new position in shares of Granite Construction in the fourth quarter worth about $61,046,000. Fisher Asset Management LLC increased its stake in shares of Granite Construction by 86.4% in the third quarter. Fisher Asset Management LLC now owns 363,816 shares of the construction company’s stock worth $28,843,000 after purchasing an additional 168,673 shares during the period. Brightline Capital Management LLC bought a new position in shares of Granite Construction in the third quarter worth about $11,971,000. Finally, Peregrine Asset Advisers Inc. bought a new position in shares of Granite Construction in the third quarter worth about $4,616,000.

Granite Construction Trading Up 1.2 %

Granite Construction stock opened at $89.62 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.56. The business’s 50-day simple moving average is $90.97 and its 200-day simple moving average is $84.37. The firm has a market capitalization of $3.92 billion, a PE ratio of 41.11 and a beta of 1.42. Granite Construction Incorporated has a 52 week low of $46.76 and a 52 week high of $105.20.

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.58%. Granite Construction’s payout ratio is presently 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.