TD Waterhouse Canada Inc. Acquires 3,327 Shares of Granite Construction Incorporated (NYSE:GVA)

TD Waterhouse Canada Inc. raised its holdings in shares of Granite Construction Incorporated (NYSE:GVA) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,612 shares of the construction company’s stock after purchasing an additional 3,327 shares during the quarter. TD Waterhouse Canada Inc. owned 0.10% of Granite Construction worth $3,825,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Granite Construction by 35.1% during the 4th quarter. First Trust Advisors LP now owns 1,131,419 shares of the construction company’s stock valued at $99,237,000 after buying an additional 294,200 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Granite Construction during the fourth quarter valued at approximately $92,154,000. Hennessy Advisors Inc. purchased a new stake in shares of Granite Construction in the fourth quarter valued at approximately $61,046,000. Boston Partners grew its stake in Granite Construction by 2.7% in the fourth quarter. Boston Partners now owns 584,398 shares of the construction company’s stock worth $51,813,000 after purchasing an additional 15,597 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Granite Construction by 22.2% during the 4th quarter. Invesco Ltd. now owns 580,584 shares of the construction company’s stock worth $50,923,000 after purchasing an additional 105,420 shares during the period.

Granite Construction Price Performance

Shares of GVA stock opened at $76.55 on Wednesday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 30.99 and a beta of 1.26. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.68. Granite Construction Incorporated has a twelve month low of $53.54 and a twelve month high of $105.20. The stock has a fifty day simple moving average of $77.59 and a two-hundred day simple moving average of $85.90.

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

Granite Construction Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, March 31st. Granite Construction’s dividend payout ratio (DPR) is 21.05%.

Insiders Place Their Bets

In related news, COO James A. Radich sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $87.14, for a total transaction of $217,850.00. Following the completion of the sale, the chief operating officer now owns 28,256 shares of the company’s stock, valued at $2,462,227.84. This represents a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 completion of the transaction, the senior vice president now directly owns 13,880 shares in the company, valued at $1,131,914. This represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

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.