Granite Construction Incorporated (NYSE:GVA) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC reduced its stake in Granite Construction Incorporated (NYSE:GVA) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 654,704 shares of the construction company’s stock after selling 116,650 shares during the quarter. Granite Construction comprises approximately 0.9% of Mizuho Markets Americas LLC’s portfolio, making the stock its 18th biggest holding. Mizuho Markets Americas LLC owned approximately 1.49% of Granite Construction worth $33,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in Granite Construction in the 4th quarter valued at about $43,000. Toth Financial Advisory Corp boosted its position in Granite Construction by 35.1% during the fourth quarter. Toth Financial Advisory Corp now owns 2,500 shares of the construction company’s stock worth $127,000 after acquiring an additional 650 shares during the last quarter. Caxton Associates LP acquired a new stake in Granite Construction during the third quarter worth approximately $241,000. HighTower Advisors LLC purchased a new stake in Granite Construction in the 3rd quarter worth approximately $279,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Granite Construction in the 4th quarter valued at $290,000.

Insider Buying and Selling at Granite Construction

In other news, Director Louis E. Caldera sold 1,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $50.00, for a total value of $63,150.00. Following the completion of the sale, the director now owns 8,528 shares of the company’s stock, valued at $426,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Louis E. Caldera sold 1,263 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $50.00, for a total value of $63,150.00. Following the completion of the sale, the director now owns 8,528 shares of the company’s stock, valued at $426,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bradley Jay Williams sold 750 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $61.21, for a total value of $45,907.50. Following the sale, the senior vice president now owns 7,423 shares in the company, valued at $454,361.83. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Granite Construction Trading Up 1.0 %

Shares of NYSE GVA traded up $0.62 during trading on Friday, hitting $62.21. 224,687 shares of the company traded hands, compared to its average volume of 439,344. The firm has a market capitalization of $2.75 billion, a P/E ratio of 105.44 and a beta of 1.45. The company has a quick ratio of 1.39, a current ratio of 1.51 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $56.68 and a 200-day moving average price of $50.99. Granite Construction Incorporated has a 1 year low of $33.74 and a 1 year high of $64.33.

Granite Construction (NYSE:GVA) last issued its earnings results on Thursday, February 22nd. The construction company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The firm had revenue of $933.70 million during the quarter. Granite Construction had a net margin of 0.98% and a return on equity of 14.91%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities analysts predict that Granite Construction Incorporated will post 4.76 EPS for the current year.

Granite Construction Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 0.84%. Granite Construction’s payout ratio is 88.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GVA shares. DA Davidson lifted their price objective on Granite Construction from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group upped their price objective on shares of Granite Construction from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th.

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.