Certuity LLC Purchases Shares of 2,650 Granite Construction Incorporated (NYSE:GVA)

Certuity LLC purchased a new position in shares of Granite Construction Incorporated (NYSE:GVA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,650 shares of the construction company’s stock, valued at approximately $232,000.

Several other hedge funds have also recently modified their holdings of GVA. Pacer Advisors Inc. acquired a new stake in Granite Construction in the 4th quarter worth approximately $92,154,000. Hennessy Advisors Inc. purchased a new position in shares of Granite Construction in the fourth quarter worth $61,046,000. Fisher Asset Management LLC lifted its stake in shares of Granite Construction by 86.4% during the third quarter. Fisher Asset Management LLC now owns 363,816 shares of the construction company’s stock worth $28,843,000 after buying an additional 168,673 shares during the period. Brightline Capital Management LLC purchased a new stake in shares of Granite Construction during the third quarter valued at $11,971,000. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Granite Construction in the 3rd quarter valued at $4,616,000.

Granite Construction Stock Performance

Shares of GVA opened at $87.04 on Friday. 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 stock has a 50-day moving average of $90.48 and a two-hundred day moving average of $84.52. The stock has a market cap of $3.80 billion, a P/E ratio of 39.93 and a beta of 1.42. Granite Construction Incorporated has a one year low of $47.44 and a one year high of $105.20.

Granite Construction (NYSE:GVA) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.19). Granite Construction had a return on equity of 19.04% and a net margin of 2.80%. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, research analysts predict that Granite Construction Incorporated will post 4.98 EPS for the current year.

Granite Construction Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, December 31st. Granite Construction’s dividend payout ratio (DPR) is currently 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.