SCHEDULE: FMR LLC Discloses 5.7% Stake in Granite Construction
Schedule 13G
FMR LLC and Abigail P. Johnson have reported a 5.7% beneficial ownership stake in Granite Construction Inc. common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 2,532,766.13 shares of Granite Construction Inc. common stock.
- This ownership represents 5.7% of the total outstanding common stock of Granite Construction Inc.
- The event requiring this filing occurred on September 30, 2025, with the Schedule 13G filed on November 4, 2025.
- FMR LLC holds sole voting power over 2,516,146.41 shares and sole dispositive power over 2,532,766.13 shares.
- Abigail P. Johnson holds sole dispositive power over 2,532,766.13 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Granite Construction Inc.
Sentiment
Score: 6
Explanation: The filing indicates a significant institutional investor has taken a substantial stake, which is generally viewed as a positive signal of confidence in the company, though it does not provide operational or financial performance details.
Positives
- A major institutional investor, FMR LLC (Fidelity), has taken a significant 5.7% stake in Granite Construction Inc., indicating potential confidence in the company's long-term prospects.
Future Outlook
NA
Industry Context
FMR LLC, a prominent asset management firm, establishing a significant stake in Granite Construction Inc. suggests a potential positive outlook on the construction and infrastructure sector, aligning with broader trends in government and private sector investment in infrastructure development.
Stakeholder Impact
- Shareholders: Increased institutional ownership could lead to greater scrutiny and potentially more stable trading, signaling confidence in the company's value.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-09-30 | Date of event requiring the filing of this statement (beneficial ownership threshold crossed). |
| 2025-11-04 | Date of filing of this Schedule 13G. |
Recommendation
holdThe filing indicates a significant institutional investor, FMR LLC, has taken a 5.7% stake in Granite Construction Inc. While this signals institutional confidence, the filing itself does not provide operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It primarily serves as a disclosure of ownership, suggesting a 'hold' position to monitor future company performance and FMR LLC's continued involvement.
Keywords
Granite Construction, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investment, construction
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.