Voya Investment Management LLC Buys 196,229 Shares of Granite Construction Incorporated (NYSE:GVA)

Voya Investment Management LLC lifted its holdings in shares of Granite Construction Incorporated (NYSE:GVA - Free Report) by 1,058.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,777 shares of the construction company's stock after purchasing an additional 196,229 shares during the period. Voya Investment Management LLC owned 0.49% of Granite Construction worth $18,838,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MGO One Seven LLC lifted its stake in shares of Granite Construction by 24.3% in the fourth quarter. MGO One Seven LLC now owns 4,299 shares of the construction company's stock worth $377,000 after acquiring an additional 840 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Granite Construction by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,787 shares of the construction company's stock valued at $3,666,000 after purchasing an additional 3,130 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Granite Construction during the fourth quarter worth $479,000. Hsbc Holdings PLC grew its stake in shares of Granite Construction by 492.1% in the 4th quarter. Hsbc Holdings PLC now owns 38,594 shares of the construction company's stock worth $3,399,000 after acquiring an additional 32,076 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in Granite Construction by 3.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,299 shares of the construction company's stock worth $377,000 after purchasing an additional 142 shares in the last quarter.

Granite Construction Stock Performance

GVA traded up $1.63 on Friday, hitting $81.00. The company's stock had a trading volume of 1,023,018 shares, compared to its average volume of 649,609. The company's 50 day simple moving average is $76.86 and its 200-day simple moving average is $85.81. The company has a quick ratio of 1.56, a current ratio of 1.66 and a debt-to-equity ratio of 0.68. Granite Construction Incorporated has a 12 month low of $55.57 and a 12 month high of $105.20. The firm has a market cap of $3.54 billion, a P/E ratio of 32.79 and a beta of 1.26.

Granite Construction (NYSE:GVA - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.43) by $0.44. The company had revenue of $699.55 million for the quarter, compared to the consensus estimate of $706.15 million. Granite Construction had a net margin of 3.15% and a return on equity of 20.67%. Granite Construction's revenue was up 4.0% on a year-over-year basis. Analysts forecast that Granite Construction Incorporated will post 5.49 EPS for the current year.

Granite Construction Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.64%. Granite Construction's dividend payout ratio is currently 21.05%.

Insider Buying and Selling

In other news, SVP Brian R. Dowd sold 2,025 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $81.55, for a total value of $165,138.75. Following the transaction, the senior vice president now owns 13,880 shares in the company, valued at $1,131,914. This represents a 12.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kyle T. Larkin sold 2,790 shares of Granite Construction stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $80.02, for a total value of $223,255.80. Following the transaction, the chief executive officer now owns 136,384 shares in the company, valued at $10,913,447.68. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,932 shares of company stock worth $896,979 in the last three months. Insiders own 0.81% of the company's stock.

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.