Intech Funding Administration LLC purchased a brand new place in shares of Granite Building Included (NYSE:GVA – Free Report) within the third quarter, in response to the corporate in its most up-to-date disclosure with the SEC. The fund purchased 16,549 shares of the development firm’s inventory, valued at roughly $1,312,000.
Quite a lot of different institutional traders and hedge funds have additionally purchased and offered shares of GVA. Advisors Asset Administration Inc. grew its place in shares of Granite Building by 17.6% within the third quarter. Advisors Asset Administration Inc. now owns 91,951 shares of the development firm’s inventory valued at $7,290,000 after buying an extra 13,752 shares over the past quarter. Connor Clark & Lunn Funding Administration Ltd. boosted its stake in Granite Building by 20.4% within the third quarter. Connor Clark & Lunn Funding Administration Ltd. now owns 14,354 shares of the development firm’s inventory valued at $1,138,000 after buying an extra 2,433 shares through the interval. B. Metzler seel. Sohn & Co. Holding AG acquired a brand new place in Granite Building within the third quarter valued at $1,749,000. Quest Companions LLC elevated its place in Granite Building by 2,303,900.0% through the third quarter. Quest Companions LLC now owns 23,040 shares of the development firm’s inventory price $1,827,000 after shopping for an extra 23,039 shares through the interval. Lastly, Chesapeake Capital Corp IL lifted its holdings in shares of Granite Building by 27.9% through the third quarter. Chesapeake Capital Corp IL now owns 5,936 shares of the development firm’s inventory price $470,000 after shopping for an extra 1,295 shares within the final quarter.
Analyst Rankings Modifications
Individually, The Goldman Sachs Group upped their value goal on shares of Granite Building from $61.00 to $70.00 and gave the corporate a “promote” ranking in a analysis word on Wednesday, October ninth.
View Our Newest Inventory Report on GVA
Granite Building Buying and selling Down 0.4 %
Shares of GVA inventory opened at $98.78 on Wednesday. The inventory has a 50 day easy transferring common of $85.94 and a 200 day easy transferring common of $73.01. Granite Building Included has a 1 12 months low of $43.92 and a 1 12 months excessive of $100.57. The corporate has a present ratio of 1.56, a fast ratio of 1.46 and a debt-to-equity ratio of 0.69. The inventory has a market cap of $4.32 billion, a P/E ratio of 45.31 and a beta of 1.39.
Granite Building (NYSE:GVA – Get Free Report) final launched its earnings outcomes on Thursday, October thirty first. The development firm reported $2.05 earnings per share (EPS) for the quarter, lacking the consensus estimate of $2.51 by ($0.46). The corporate had income of $1.28 billion for the quarter, in comparison with analyst estimates of $1.29 billion. Granite Building had a return on fairness of 19.04% and a web margin of two.80%. The enterprise’s income for the quarter was up 14.2% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the corporate posted $1.69 earnings per share. On common, analysis analysts predict that Granite Building Included will submit 4.98 earnings per share for the present fiscal 12 months.
Granite Building Declares Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Tuesday, October fifteenth. Stockholders of document on Monday, September thirtieth got a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September thirtieth. Granite Building’s payout ratio is presently 23.85%.
Granite Building Firm Profile
Granite Building Included operates as an infrastructure contractor in the US. It operates via two segments: Building and Supplies segments. The Building phase engages within the building and rehabilitation of roads, pavement preservation, bridges, rail strains, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and web site improvement to be used by the general public and water-related building for municipal businesses, business water suppliers, industrial amenities, and vitality firms; and building of varied advanced initiatives, together with infrastructure/web site improvement, mining, public security, tunnel, photo voltaic storage, and energy associated initiatives.
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