American Century Companies Inc. Reduces Stake in Granite Construction

Construction company's shares sold by investment firm in third quarter

Published on Mar. 2, 2026

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American Century Companies Inc. has reduced its stake in Granite Construction Incorporated (NYSE:GVA) by 17.7% in the third quarter, according to a recent SEC filing. The investment firm now owns 1,475,391 shares of the construction company's stock, down from 1,791,723 shares previously.

Why it matters

Granite Construction is a major player in the infrastructure and construction industry, so changes in institutional ownership of its shares can provide insights into market sentiment and potential future performance of the company.

The details

According to the filing, American Century Companies sold 316,332 shares of Granite Construction during the third quarter. The firm now owns 3.37% of the construction company's outstanding shares, down from 4.09% previously. Granite Construction's stock has seen strong performance recently, with the share price rising over 20% in the past year.

  • The share sale occurred in the third quarter of 2026.

The players

American Century Companies Inc.

An investment management firm that owns stakes in various public companies.

Granite Construction Incorporated

A publicly traded heavy civil contractor and construction materials producer based in Watsonville, California.

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The takeaway

The reduction in American Century's stake in Granite Construction could signal a shift in market sentiment around the construction company's prospects, though the overall ownership position remains substantial. Investors will likely continue to monitor institutional ownership changes and other indicators to gauge the outlook for Granite Construction going forward.