Mutual of America Capital Management LLC Acquires 343 Shares of Granite Construction Incorporated (NYSE:GVA)

Mutual of America Capital Management LLC grew its holdings in shares of Granite Construction Incorporated (NYSE:GVAGet Rating) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,604 shares of the construction company’s stock after buying an additional 343 shares during the period. Mutual of America Capital Management LLC’s holdings in Granite Construction were worth $217,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Granite Construction by 220.7% during the 4th quarter. Russell Investments Group Ltd. now owns 62,484 shares of the construction company’s stock valued at $2,415,000 after buying an additional 43,001 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Granite Construction by 15.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,527 shares of the construction company’s stock valued at $15,113,000 after buying an additional 50,952 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Granite Construction by 4,024.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,342 shares of the construction company’s stock valued at $438,000 after buying an additional 11,067 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Granite Construction by 14.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,423 shares of the construction company’s stock valued at $326,000 after buying an additional 1,039 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Granite Construction by 4.0% during the 4th quarter. D.A. Davidson & CO. now owns 19,055 shares of the construction company’s stock valued at $737,000 after buying an additional 740 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Granite Construction Stock Performance

Shares of GVA stock opened at $30.30 on Wednesday. Granite Construction Incorporated has a 12 month low of $27.84 and a 12 month high of $43.98. The stock has a market cap of $1.34 billion, a PE ratio of 55.09 and a beta of 1.34. The company has a current ratio of 1.60, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $30.09 and its 200-day moving average price is $31.86.

Granite Construction Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Wednesday, June 29th. Granite Construction’s dividend payout ratio is presently 94.55%.

Insider Transactions at Granite Construction

In other news, CEO Kyle T. Larkin sold 8,000 shares of Granite Construction stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the completion of the transaction, the chief executive officer now owns 69,294 shares of the company’s stock, valued at approximately $2,152,271.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.99% of the stock is owned by insiders.

About Granite Construction

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Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer 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.

See Also

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Institutional Ownership by Quarter for Granite Construction (NYSE:GVA)

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