SCHEDULE: FMR LLC Discloses 13.5% Stake in Granite Construction

FMR LLC and Abigail P. Johnson have updated their Schedule 13G filing, reporting beneficial ownership of 13.5% of Granite Construction Inc.'s common stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting their beneficial ownership of Granite Construction Inc. common stock.
• As of June 30, 2026, FMR LLC reported sole voting power of 5,806,598.63 shares and sole dispositive power of 5,940,591.80 shares.
• Abigail P. Johnson, through her role and ownership in FMR LLC, is also associated with these holdings.
• The total aggregate amount beneficially owned by each reporting person is 5,940,591.80 shares, representing 13.5% of the class.
• The filing indicates that other persons may have the right to receive or direct the sale of these securities, but no single other person's interest exceeds five percent.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership rather than a performance or strategic announcement.

Positives

• Significant institutional ownership by FMR LLC, indicating confidence in Granite Construction's long-term prospects.
• Clear disclosure of beneficial ownership, promoting transparency for investors.

Negatives

• The filing does not contain financial performance data or strategic updates, limiting insight into the company's operational health.
• The large stake held by FMR LLC could be perceived as a potential future influence on corporate strategy, though the filing states it's not for changing control.

Risks

• Potential for future changes in FMR LLC's investment strategy which could lead to significant share sales.
• Concentration of ownership could lead to less diverse shareholder influence on corporate decisions.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that large institutional holdings, as reported in Schedule 13G filings, are common in the construction and materials sector. These filings provide transparency on significant investors who may influence market perception and corporate governance.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership.
• Management: Awareness of a substantial shareholder whose investment strategy could influence corporate decisions.
• Potential Investors: Information on a major holder can inform investment decisions.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to report any changes in their beneficial ownership of Granite Construction Inc. common stock as required by SEC regulations.

Key Dates

Keywords

Granite Construction, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Holding