Wynnefield Capital INC Has Lowered Granite Construction INC (GVA) Stake as Stock Price Declined

Granite Construction Incorporated (NYSE:GVA) LogoInvestors sentiment increased to 1.51 in 2019 Q1. Its up 0.41, from 1.1 in 2018Q4. It increased, as 11 investors sold GVA shares while 59 reduced holdings. 28 funds opened positions while 78 raised stakes. 44.17 million shares or 1.63% less from 44.90 million shares in 2018Q4 were reported. Price T Rowe Assoc Incorporated Md invested in 29,648 shares. Kennedy Capital Mgmt Inc reported 124,997 shares. First Fincl Bank Of Omaha holds 0.23% or 76,698 shares. Geode Mgmt invested in 533,140 shares. Mutual Of America Llc has 0.03% invested in Granite Construction Incorporated (NYSE:GVA). Evergreen Cap Mngmt Limited Company reported 0.28% stake. Pnc Service Group Incorporated Inc accumulated 7,974 shares. Nj State Employees Deferred Compensation Plan holds 0.08% of its portfolio in Granite Construction Incorporated (NYSE:GVA) for 10,000 shares. First Mercantile Company reported 8,375 shares or 0.08% of all its holdings. The New York-based Paradigm Cap Management has invested 0.08% in Granite Construction Incorporated (NYSE:GVA). Missouri-based Benjamin F Edwards Inc has invested 0% in Granite Construction Incorporated (NYSE:GVA). Invesco Limited has invested 0% in Granite Construction Incorporated (NYSE:GVA). 13,175 were accumulated by Raymond James &. 2,428 are owned by Ls Invest Lc. Mirae Asset Global Invests owns 14,642 shares for 0% of their portfolio.

Since August 7, 2019, it had 2 insider buys, and 0 insider sales for $179,380 activity. $28,330 worth of Granite Construction Incorporated (NYSE:GVA) shares were bought by Jigisha Desai.

Wynnefield Capital Inc decreased its stake in Granite Construction Inc (GVA) by 39.06% based on its latest 2019Q1 regulatory filing with the SEC. Wynnefield Capital Inc sold 135,000 shares as the company’s stock declined 21.94% . The hedge fund held 210,654 shares of the military and government and technical company at the end of 2019Q1, valued at $9.09 million, down from 345,654 at the end of the previous reported quarter. Wynnefield Capital Inc who had been investing in Granite Construction Inc for a number of months, seems to be less bullish one the $1.27B market cap company. The stock decreased 3.84% or $1.08 during the last trading session, reaching $27.07. About 253,977 shares traded. Granite Construction Incorporated (NYSE:GVA) has declined 32.20% since August 14, 2018 and is downtrending. It has underperformed by 32.20% the S&P500.

More notable recent Granite Construction Incorporated (NYSE:GVA) news were published by: Streetinsider.com which released: “Granite Construction (GVA) Misses Q2 EPS by 222c, Revenues Miss – StreetInsider.com” on August 02, 2019, also Businesswire.com with their article: “IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Granite Construction Incorporated and Encourages Investors with Losses in Excess of $100000 to Contact the Firm – Business Wire” published on August 14, 2019, Globenewswire.com published: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Granite Construction Incorporated – GlobeNewswire” on August 07, 2019. More interesting news about Granite Construction Incorporated (NYSE:GVA) were released by: Businesswire.com and their article: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of Granite Construction Incorporated Investors (GVA) – Business Wire” published on July 31, 2019 as well as Benzinga.com‘s news article titled: “5 Industrials Stocks Moving In Today’s Pre-Market Session – Benzinga” with publication date: August 08, 2019.

Granite Construction Incorporated (NYSE:GVA) Ratings Coverage

Among 4 analysts covering Granite Construction Inc (NYSE:GVA), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Granite Construction Inc had 9 analyst reports since February 21, 2019 according to SRatingsIntel. M Partners maintained the shares of GVA in report on Thursday, February 21 with “Buy” rating. Goldman Sachs downgraded it to “Neutral” rating and $3100 target in Thursday, August 8 report. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, July 30. FBR Capital maintained Granite Construction Incorporated (NYSE:GVA) on Thursday, March 7 with “Buy” rating. The firm has “Buy” rating given on Wednesday, May 29 by Goldman Sachs. As per Friday, March 22, the company rating was maintained by M Partners.

Granite Construction Incorporated (NYSE:GVA) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.