Graticule Asia Macro Advisors LLC bought a new stake in shares of Granite Construction Inc. (NYSE:GVA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,576 shares of the construction company’s stock, valued at approximately $1,308,000. Graticule Asia Macro Advisors LLC owned about 0.06% of Granite Construction at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC lifted its position in shares of Granite Construction by 2.4% in the 1st quarter. Teachers Advisors LLC now owns 69,334 shares of the construction company’s stock valued at $3,480,000 after acquiring an additional 1,655 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Granite Construction by 7.0% in the 2nd quarter. Capstone Asset Management Co. now owns 6,132 shares of the construction company’s stock valued at $296,000 after acquiring an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Granite Construction by 4.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,418 shares of the construction company’s stock valued at $696,000 after acquiring an additional 579 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Granite Construction by 14.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,536 shares of the construction company’s stock valued at $219,000 after acquiring an additional 559 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Granite Construction by 4.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the construction company’s stock valued at $502,000 after acquiring an additional 400 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

GVA has been the subject of several research analyst reports. FBR & Co restated a “buy” rating and issued a $68.00 price target on shares of Granite Construction in a research report on Tuesday, October 3rd. Cowen restated a “buy” rating and issued a $70.00 price target on shares of Granite Construction in a research report on Tuesday, September 19th. Canaccord Genuity restated a “buy” rating and issued a $70.00 price target on shares of Granite Construction in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Granite Construction from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, October 13th. Finally, B. Riley restated a “buy” rating on shares of Granite Construction in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Granite Construction has a consensus rating of “Buy” and an average target price of $67.00.

Granite Construction Inc. (GVA) traded up $0.05 during trading on Tuesday, reaching $65.68. 224,300 shares of the company’s stock traded hands, compared to its average volume of 385,595. The firm has a market cap of $2,615.41, a price-to-earnings ratio of 50.88, a PEG ratio of 5.76 and a beta of 1.24. The company has a current ratio of 1.79, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24. Granite Construction Inc. has a 1 year low of $45.14 and a 1 year high of $67.39.

Granite Construction (NYSE:GVA) last released its quarterly earnings data on Friday, October 27th. The construction company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.04. The firm had revenue of $957.10 million for the quarter, compared to analyst estimates of $905.14 million. Granite Construction had a net margin of 1.84% and a return on equity of 5.71%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. research analysts expect that Granite Construction Inc. will post 1.63 EPS for the current fiscal year.

In other Granite Construction news, Director William Howard Powell sold 3,103 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.85, for a total value of $198,126.55. Following the transaction, the director now owns 46,771 shares in the company, valued at approximately $2,986,328.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

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Granite Construction Profile

Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients.

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

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