State of Alaska Department of Revenue Sells 141 Shares of Granite Construction Incorporated (NYSE:GVA)

State of Alaska Department of Revenue trimmed its position in shares of Granite Construction Incorporated (NYSE:GVA) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,783 shares of the construction company’s stock after selling 141 shares during the period. State of Alaska Department of Revenue’s holdings in Granite Construction were worth $2,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GVA. Pacer Advisors Inc. bought a new position in Granite Construction during the fourth quarter valued at about $92,154,000. Hennessy Advisors Inc. bought a new position in Granite Construction during the fourth quarter valued at about $61,046,000. Fisher Asset Management LLC increased its stake in Granite Construction by 86.4% during the third quarter. Fisher Asset Management LLC now owns 363,816 shares of the construction company’s stock valued at $28,843,000 after acquiring an additional 168,673 shares during the period. Brightline Capital Management LLC bought a new position in Granite Construction during the third quarter valued at about $11,971,000. Finally, Peregrine Asset Advisers Inc. bought a new position in Granite Construction during the third quarter valued at about $4,616,000.

Granite Construction Trading Up 1.2 %

GVA stock opened at $89.62 on Tuesday. Granite Construction Incorporated has a 1-year low of $46.76 and a 1-year high of $105.20. The firm has a market cap of $3.92 billion, a P/E ratio of 41.11 and a beta of 1.42. The business’s 50 day moving average is $90.97 and its 200-day moving average is $84.37. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.58%. Granite Construction’s dividend payout ratio 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.