<div id="readability-page-1"><p>Russell Investments Group Ltd. reduced its holdings in shares of  Granite Construction Incorporated (NYSE:GVA - Free Report) by 31.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,371 shares of the construction company's stock after selling 14,994 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Granite Construction worth $3,121,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Granite Construction</strong> alerts:</span></p></div><p>Several other hedge funds and other institutional investors have also bought and sold shares of GVA. Hill City Capital LP increased its position in shares of  Granite Construction by 1.1% during the 1st quarter. Hill City Capital LP now owns 1,060,048 shares of the construction company's stock valued at $79,928,000 after purchasing an additional 11,110 shares during the last quarter.  Geode Capital Management LLC increased its holdings in  Granite Construction by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,037,916 shares of the construction company's stock worth $97,066,000 after buying an additional 7,979 shares during the last quarter.  Invesco Ltd. raised its position in  Granite Construction by 12.4% in the first quarter. Invesco Ltd. now owns 652,759 shares of the construction company's stock worth $49,218,000 after acquiring an additional 72,175 shares during the period.  Boston Partners boosted its stake in  Granite Construction by 0.3% in the second quarter. Boston Partners now owns 589,212 shares of the construction company's stock valued at $55,190,000 after acquiring an additional 2,003 shares during the last quarter.  Finally, RPG Investment Advisory LLC grew its position in shares of  Granite Construction by 106.6% during the 1st quarter. RPG Investment Advisory LLC now owns 472,566 shares of the construction company's stock valued at $35,632,000 after acquiring an additional 243,875 shares during the period. </p><h2>Granite Construction Stock Performance</h2><p>NYSE GVA opened at $108.05 on Monday. The company's 50 day simple moving average is $104.90 and its two-hundred day simple moving average is $100.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.12. Granite Construction Incorporated has a 1 year low of $69.08 and a 1 year high of $112.16. The stock has a market capitalization of $4.72 billion, a PE ratio of 31.14 and a beta of 1.33. </p><p>Granite Construction (NYSE:GVA - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.14. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. Granite Construction had a net margin of 4.31% and a return on equity of 24.04%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS.  Analysts predict that  Granite Construction Incorporated will post 5.49 earnings per share for the current fiscal year. </p><h2>Granite Construction Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 was Tuesday, September 30th. Granite Construction's dividend payout ratio  is 14.99%. </p><h2>Insider Activity at Granite Construction</h2><p>In other news, Director Celeste Beeks Mastin sold 7,614 shares of the firm's stock in a transaction on Monday, November 24th. The shares were sold at an average price of $105.23, for a total transaction of $801,221.22. Following the sale, the director owned 10,206 shares in the company, valued at approximately $1,073,977.38. This trade represents a 42.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research firms recently commented on GVA. The Goldman Sachs Group assumed coverage on shares of Granite Construction in a report on Monday, November 24th. They issued a &#34;neutral&#34; rating and a $109.00 price target on the stock. Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of Granite Construction in a research report on Monday, December 1st. Zacks Research lowered Granite Construction from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Wednesday, November 12th. Wall Street Zen raised shares of Granite Construction from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday. Finally, DA Davidson upped their price target on shares of Granite Construction from $125.00 to $130.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, one  has issued  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat, Granite Construction presently has a consensus rating of &#34;Hold&#34; and a consensus price target of $119.50.</p><p><b>Read Our Latest Report on Granite Construction</b></p><h2>Granite Construction Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Granite Construction</li><li>How Investors Can Identify and Successfully Trade Gap-Down Stocks</li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>3 Ways To Invest In Coffee, Other Than Drinking It</li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdWQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdWQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Granite Construction Right Now?</h2><p>Before you consider Granite Construction, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Construction wasn't on the list.</p><p>While Granite Construction currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Russell Investments Group Ltd. decreased its holdings in Granite Construction by 31% in Q2, owning 33,371 shares worth $3.12 million. Other investors adjusted their positions in GVA. Granite's stock opened at $108.05, with a 1-year high of $112.16. Analysts predict EPS of 5.49 for the fiscal year. Recent ratings include a neutral from Goldman Sachs and a strong sell from Zacks Research.</p>

Russell Investments Group Ltd. Decreases Stock Holdings in Granite Construction Incorporated $GVA