John G Ullman & Associates Inc. Sells 26,230 Shares of Granite Construction Incorporated (NYSE:GVA)

John G Ullman & Associates Inc. lowered its position in shares of Granite Construction Incorporated (NYSE:GVA) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,730 shares of the construction company’s stock after selling 26,230 shares during the period. Granite Construction makes up approximately 1.0% of John G Ullman & Associates Inc.’s portfolio, making the stock its 25th largest position. John G Ullman & Associates Inc.’s holdings in Granite Construction were worth $6,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its holdings in Granite Construction by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 23,747 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Granite Construction by 8.5% in the fourth quarter. GAMMA Investing LLC now owns 2,178 shares of the construction company’s stock worth $191,000 after purchasing an additional 171 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Granite Construction by 6.7% in the fourth quarter. Atomi Financial Group Inc. now owns 4,769 shares of the construction company’s stock worth $418,000 after purchasing an additional 301 shares during the last quarter. KBC Group NV boosted its holdings in Granite Construction by 26.6% in the fourth quarter. KBC Group NV now owns 1,751 shares of the construction company’s stock worth $154,000 after purchasing an additional 368 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Granite Construction by 0.7% during the 4th 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 Trading Up 1.5 %

Shares of Granite Construction stock opened at $82.51 on Friday. The company’s fifty day simple moving average is $88.10 and its 200-day simple moving average is $85.71. The stock has a market capitalization of $3.58 billion, a PE ratio of 33.40 and a beta of 1.42. Granite Construction Incorporated has a 1-year low of $50.81 and a 1-year high of $105.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.66 and a quick ratio of 1.56.

Granite Construction (NYSE:GVA) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate 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 company earned $0.82 EPS. As a group, equities analysts anticipate that Granite Construction Incorporated will post 5.49 earnings per share for the current year.

Granite Construction Dividend Announcement

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

Insider Transactions at Granite Construction

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

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.