2 weeks Ago By ABMN Staff
Wells Fargo & Company MN lessened its holdings in Granite Construction Incorporated ( NYSE:GVA – Free Report ) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,803 shares of the construction company’s stock after selling 1,167 shares during the period.
Wells Fargo & Company MN’s holdings in Granite Construction were worth $16,472,000 at the end of the most recent reporting period. A number of other large investors have also recently bought and sold shares of 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 4th quarter valued at approximately $61,046,000.
Norges Bank acquired a new stake in Granite Construction in the 4th quarter worth approximately $31,855,000. ExodusPoint Capital Management LP bought a new stake in Granite Construction during the fourth quarter worth approximately $5,847,000. Finally, Trexquant Investment LP boosted its position in Granite Construction by 343.
7% during the fourth quarter. Trexquant Investment LP now owns 75,058 shares of the construction company’s stock worth $6,583,000 after purchasing an additional 58,143 shares during the period. Insider Buying and Selling at Granite Construction In other Granite Construction news, SVP Brian R.
Dowd sold 2,025 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $81.55, for a total value of $165,138.
75. Following the sale, the senior vice president now directly owns 13,880 shares in the company, valued at $1,131,914. This trade represents a 12.
73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, COO James A.
Radich sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 disclosure for this sale can be found here .
Insiders own 0.81% of the company’s stock. Granite Construction Trading Up 1.
6 % Granite Construction ( NYSE:GVA – Get Free Report ) last released its earnings results on Thursday, February 13th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
42 by ($0.19). Granite Construction had a return on equity of 20.
67% and a net margin of 3.15%. The firm had revenue of $977.
30 million for the quarter. During the same period last year, the company posted $0.82 earnings per share.
Equities analysts anticipate that Granite Construction Incorporated will post 5.49 EPS for the current year. Granite Construction Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Investors of record on Monday, March 31st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st.
This represents a $0.52 annualized dividend and a yield of 0.66%.
Granite Construction’s payout ratio is 21.05%. Granite Construction Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding GVA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Granite Construction Incorporated ( NYSE:GVA – Free Report ). Receive News & Ratings for Granite Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Construction and related companies with MarketBeat.com's FREE daily email newsletter .
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