Personal Capital Advisors Corp Acquires 14,807 Shares of Granite Construction Incorporated (NYSE:GVA)

Personal Capital Advisors Corp lifted its holdings in Granite Construction Incorporated (NYSE:GVAGet Rating) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 399,149 shares of the construction company’s stock after buying an additional 14,807 shares during the period. Personal Capital Advisors Corp owned about 0.88% of Granite Construction worth $13,092,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Profund Advisors LLC bought a new stake in shares of Granite Construction in the 1st quarter worth about $208,000. Mutual of America Capital Management LLC increased its holdings in shares of Granite Construction by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,604 shares of the construction company’s stock worth $217,000 after buying an additional 343 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Granite Construction in the 1st quarter worth about $219,000. Moors & Cabot Inc. grew its holdings in Granite Construction by 7.5% during the 1st quarter. Moors & Cabot Inc. now owns 7,161 shares of the construction company’s stock valued at $235,000 after purchasing an additional 501 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Granite Construction during the 4th quarter valued at about $257,000. 99.88% of the stock is currently owned by institutional investors.

Granite Construction Stock Performance

Shares of NYSE:GVA opened at $29.96 on Friday. 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 has a market capitalization of $1.32 billion, a price-to-earnings ratio of 54.47 and a beta of 1.32. The firm’s 50-day moving average is $30.03 and its 200 day moving average is $30.81. Granite Construction Incorporated has a 12 month low of $27.84 and a 12 month high of $43.98.

Granite Construction Profile

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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.

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

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