Yousif Capital Management LLC Buys 362 Shares of Granite Construction Incorporated $GVA

Yousif Capital Management LLC raised its stake in Granite Construction Incorporated (NYSE:GVA) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,508 shares of the construction company’s stock after buying an additional 362 shares during the period. Yousif Capital Management LLC’s holdings in Granite Construction were worth $1,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GVA. MGO One Seven LLC bought a new position in shares of Granite Construction during the 2nd quarter valued at $227,000. CWM LLC grew its holdings in shares of Granite Construction by 64.7% during the 2nd quarter. CWM LLC now owns 1,110 shares of the construction company’s stock valued at $104,000 after purchasing an additional 436 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Granite Construction during the 2nd quarter valued at $248,000. Maryland State Retirement & Pension System grew its holdings in shares of Granite Construction by 1.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,854 shares of the construction company’s stock valued at $1,202,000 after purchasing an additional 177 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in shares of Granite Construction during the 2nd quarter valued at $2,415,000.

Insider Transactions at Granite Construction

In other news, SVP Michael G. Tatusko sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the sale, the senior vice president directly owned 29,241 shares of the company’s stock, valued at approximately $3,216,510. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Louis E. Caldera sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $110.16, for a total transaction of $165,240.00. Following the completion of the sale, the director directly owned 10,601 shares of the company’s stock, valued at approximately $1,167,806.16. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,525 shares of company stock valued at $608,314. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on GVA. Wall Street Zen raised shares of Granite Construction from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Granite Construction in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.00.

Granite Construction Trading Down 0.5%

NYSE:GVA opened at $105.05 on Monday. The company has a 50-day moving average price of $108.45 and a 200-day moving average price of $94.84. Granite Construction Incorporated has a 12 month low of $69.08 and a 12 month high of $112.16. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 34.33 and a beta of 1.39.

Granite Construction (NYSE:GVA) last posted its earnings results on Thursday, August 7th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.77 by $0.16. Granite Construction had a net margin of 3.89% and a return on equity of 21.64%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company posted $1.73 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Granite Construction has set its FY 2025 guidance at EPS. Equities analysts predict that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Granite Construction’s dividend payout ratio (DPR) is currently 16.99%.

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.