Capital Global Research Investors has bought additional shares of Granite Construction Inc. (NYSE: GVA). Capital Research Investors increased the holdings of GVA by 75.6% in the 4th quarter. The firm purchases the additional 975,000 stocks of Granite Construction Inc.
According to the most recent reporting period, Capital Global Research Investors holdings in Granite Construction were worth $62,686,000.
Granite Construction Inc. stocks went down 6.20% at $13.46 in the last trading session of Friday. GVA has a day low range of $13.01 and the day high range of $13.93. Granite Construction has a trading volume of roughly 835,496 compared to its average volume of roughly 1.39 million. The construction company has a total market cap of $629.12 million. GVA has a total dividend yield is 3.62%.
Various other financial institutes also bought the stock of Granite construction. Sowell Financial Services has bought the additional 854 shares of the company and lifted its positions in the company by 379.6%. Similarly, Amalgamated Bank also acquired an additional 642 stocks. The amalgamated bank now owns the 8.060 shares worth $223,000.
Dorsey & Whitney Trust CO LLC now owns 8,985 shares of the GVA’s stock worth $248,000 after purchasing an additional 2,755 shares. Finally, the Synovus increases stock holdings in Granite Constructions by 14.2% during the fourth quarter. Synovus bought additional 1,177 stocks of Granite Constructions Inc.
Capital Group is an American financial services company. It ranks among the world’s oldest and largest investment management organizations, with over $2 trillion in assets under management
Granite constructions recently revealed the quarterly dividend which will be scheduled to pay on Wednesday, April 15th. GVA has a 12-month price target is $20.00, indicating that the stock has a possible positive increase of 48.59%. There are currently 2 hold ratings and 1 sell ratings of Granite Construction, which suggest the overall rating of Hold.
Granite Construction Incorporated has been operating as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. Granite Construction Incorporated was established in 1922 and the head office is located in Watsonville, California.