First Trust Advisors Trims Stake in Granite Construction

Institutional investor sells over 240,000 shares of construction company

Published on Mar. 9, 2026

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First Trust Advisors LP, an institutional investor, reduced its holdings in Granite Construction Incorporated (NYSE:GVA) by 19.9% in the third quarter, according to a recent SEC filing. The firm now owns approximately 978,150 shares of the construction company's stock, down from over 1.2 million shares previously.

Why it matters

Granite Construction is a major player in the infrastructure and construction industry, so changes in institutional ownership can signal shifts in market sentiment around the company and the broader sector.

The details

According to the SEC filing, First Trust Advisors sold 242,881 shares of Granite Construction in the third quarter, reducing its stake in the company to around 2.23% of outstanding shares. The institutional investor cited unspecified reasons for the share sale. Granite Construction's stock price has fluctuated in recent months, trading between $69 and $137 over the past year.

  • The share sale occurred in the third quarter of the company's fiscal year.

The players

First Trust Advisors LP

An institutional investment management firm that previously held a significant stake in Granite Construction.

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 First Trust Advisors' position in Granite Construction could signal broader uncertainty around the construction industry's outlook, though the specific reasons for the sale are unclear. Investors will likely continue to monitor institutional activity and market sentiment around Granite Construction and similar infrastructure companies.