Granite Construction Inc. (NYSE:GVA), saw one of its highest level insiders sell a substantial portion of stock through a transaction officially completed today, August 8th. Vice President Francis Michael Donnino disposed of 10,000 shares of common stock at an average price of $33.1736 per share.
After the completion of this transaction, Donnino now has 69,595 shares involved with the corporation. Granite Construction Inc. (NYSE:GVA) is a $1.33 billion market cap company that is a diversified heavy civil contractors and construction materials producers in the United States. The Company operates in four segments: Construction, Large Project Construction, Construction Materials and Real Estate and operates nationwide, serving both public and private sector clients.
Moreover, the largest outside involvement in the company comes from Chuck Royce‘s Royce & Associates hedge fund. After reporting no change in its holdings over the last quarter, the fund currently holds 205,075 shares worth approximately $8.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.