Orion Portfolio Solutions LLC Has $2.01 Million Position in Granite Construction Incorporated (NYSE:GVA)

Orion Portfolio Solutions LLC decreased its position in shares of Granite Construction Incorporated (NYSE:GVA) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,856 shares of the construction company’s stock after selling 890 shares during the period. Orion Portfolio Solutions LLC’s holdings in Granite Construction were worth $2,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GVA. Pacer Advisors Inc. bought a new position in shares of Granite Construction in the 4th quarter valued at $92,154,000. Hennessy Advisors Inc. acquired a new position in Granite Construction during the fourth quarter worth about $61,046,000. Systematic Financial Management LP lifted its holdings in shares of Granite Construction by 3.2% in the third quarter. Systematic Financial Management LP now owns 604,950 shares of the construction company’s stock worth $47,960,000 after acquiring an additional 18,586 shares during the last quarter. Boston Partners boosted its stake in shares of Granite Construction by 2.7% in the 4th quarter. Boston Partners now owns 584,398 shares of the construction company’s stock valued at $51,813,000 after purchasing an additional 15,597 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Granite Construction during the 4th quarter valued at approximately $31,855,000.

Insider Transactions at Granite Construction

In other Granite Construction news, COO James A. Radich sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total value of $217,850.00. Following the completion of the transaction, the chief operating officer now directly owns 28,256 shares in the company, valued at approximately $2,462,227.84. This represents a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was 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. Company insiders own 0.81% of the company’s stock.

Granite Construction Price Performance

Shares of NYSE:GVA opened at $77.98 on Thursday. Granite Construction Incorporated has a one year low of $52.99 and a one 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. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 31.57 and a beta of 1.34. The firm has a 50 day simple moving average of $81.54 and a 200 day simple moving average of $86.33.

Granite Construction (NYSE:GVA) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.19). Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. The firm had revenue of $977.30 million during the quarter. During the same period last year, the firm earned $0.82 EPS. Research analysts predict that Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year.

Granite Construction Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Monday, March 31st. Granite Construction’s dividend payout ratio (DPR) is currently 21.05%.

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.