Aigen Investment Management LP Takes Position in Granite Construction Incorporated (NYSE:GVA)

Aigen Investment Management LP purchased a new stake in Granite Construction Incorporated (NYSE:GVA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,538 shares of the construction company’s stock, valued at approximately $573,000.

Several other large investors have also modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in shares of Granite Construction in the 4th quarter valued at $3,170,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Granite Construction in the 4th quarter valued at $89,000. Smartleaf Asset Management LLC raised its holdings in shares of Granite Construction by 193.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the construction company’s stock valued at $119,000 after buying an additional 887 shares during the period. US Bancorp DE raised its holdings in shares of Granite Construction by 56.4% in the 4th quarter. US Bancorp DE now owns 4,270 shares of the construction company’s stock valued at $375,000 after buying an additional 1,540 shares during the period. Finally, Versor Investments LP purchased a new stake in shares of Granite Construction in the 4th quarter valued at $866,000.

Granite Construction Price Performance

GVA stock opened at $76.31 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. The company has a market capitalization of $3.31 billion, a PE ratio of 30.89 and a beta of 1.42. Granite Construction Incorporated has a 12-month low of $52.54 and a 12-month high of $105.20. The business’s fifty day moving average price is $87.46 and its 200 day moving average price is $86.04.

Granite Construction (NYSE:GVA) last posted 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). The firm had revenue of $977.30 million during the quarter. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. During the same quarter in the previous year, the company earned $0.82 EPS. On average, sell-side analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.68%. Granite Construction’s dividend payout ratio (DPR) is 21.05%.

Insiders Place Their Bets

In other Granite Construction news, SVP Brian R. Dowd sold 2,025 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $81.55, for a total transaction of $165,138.75. Following the sale, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. This represents a 12.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James A. Radich sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $87.14, for a total value of $217,850.00. Following the sale, the chief operating officer now 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 company insiders.

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.