Entropy Technologies LP Purchases 15,403 Shares of Granite Construction Incorporated (NYSE:GVA)

Entropy Technologies LP lifted its position in Granite Construction Incorporated (NYSE:GVA) by 299.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,551 shares of the construction company’s stock after acquiring an additional 15,403 shares during the quarter. Entropy Technologies LP’s holdings in Granite Construction were worth $1,803,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Granite Construction in the fourth quarter worth about $384,000. Robbins Farley raised its holdings in shares of Granite Construction by 23.5% in the fourth quarter. Robbins Farley now owns 52,848 shares of the construction company’s stock worth $4,635,000 after buying an additional 10,064 shares during the period. Longboard Asset Management LP bought a new stake in shares of Granite Construction during the 4th quarter worth approximately $223,000. Precision Wealth Strategies LLC purchased a new position in Granite Construction during the 4th quarter valued at $215,000. Finally, R Squared Ltd bought a new position in Granite Construction in the 4th quarter valued at $211,000.

Granite Construction Stock Down 0.5 %

NYSE:GVA opened at $88.43 on Monday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 40.56 and a beta of 1.42. Granite Construction Incorporated has a twelve month low of $46.67 and a twelve month high of $105.20. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $91.16 and a 200-day simple moving average of $84.21.

Granite Construction Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.59%. Granite Construction’s payout ratio is 23.85%.

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.