First Trust's new 5.51% passive stake signals institutional confidence in Granite Construction following strong Q3 results. Monitor future 13G amendments for position changes and any potential conversion to 13D if the holder's intent shifts.
Price Chart
Executive Summary
First Trust Portfolios L.P. and its affiliates disclosed a 5.51% passive stake in Granite Construction as of September 30, 2026, representing 2,411,832 common shares. This is a new 13G filing by First Trust, not an amendment, and certifies passive intent with no plan to influence control. The filing follows Granite's strong Q3 2026 earnings reported the prior day, which beat consensus on both revenue and adjusted EPS.
Key Financial Metrics
Key Facts
- First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G disclosing beneficial ownership of 2,411,832 shares of Granite Construction common stock.
- The stake represents 5.51% of shares outstanding as of September 30, 2026.
- The filing certifies passive intent under Rule 13d-1(b) and states the shares were acquired and are held in the ordinary course of business.
- First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares; First Trust Advisors L.P. serves as portfolio supervisor; The Charger Corporation is the general partner.
- This is a new 13G filing, not an amendment to a prior filing by this filer.
- Granite Construction reported Q3 2026 revenue of $1.77B (up 23% YoY) and adjusted EPS of $3.81, both above consensus, on October 29, 2026.
Financial Impact
2,411,832 shares representing 5.51% of Granite Construction's outstanding shares; at the $4.9B market cap, the stake is valued at approximately $270M.
Risk Factors
- Passive 13G filing; no activist intent or engagement with management is indicated.
- The stake is held across multiple unit investment trusts and managed accounts, which may adjust positions independently.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001445546-26-008200 |
| Document: 0001445546-26-008200-index-headers.html | 0001445546-26-008200 |
| Document: 0001445546-26-008200-index.html | 0001445546-26-008200 |
| Document: 0001445546-26-008200.txt | 0001445546-26-008200 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $123.51 | awaiting T+1 | awaiting T+1 | $123.62 (+0.09%) |
Oct 29, 2026 3d ago | 8-K | $121.69 $123.62 | ▲ +1.59% | ▲ +3.36% | $123.62 (+1.59%) |
Oct 16, 2026 17d ago | GOVT-CONTRACT | $111.74 $109.51 | ▼ −2.00% | ▼ −2.33% | $123.62 (+10.63%) |
Oct 12, 2026 20d ago | Institutional Cluster | $112.47 $113.15 | ▲ +0.60% | ▲ +0.62% | $123.62 (+9.91%) |
Aug 13, 2026 11w ago | 8-K | $127.10 $128.02 | ▲ +0.72% | ▲ +1.20% | $123.62 (−2.74%) |
Aug 7, 2026 12w ago | 8-K | $128.32 $125.97 | ▼ −1.83% | ▼ −1.80% | $123.62 (−3.66%) |
Aug 4, 2026 12w ago | 8-K | $122.11 $123.33 | ▲ +1.00% | ▲ +1.20% | $123.62 (+1.24%) |
Jul 30, 2026 13w ago | 8-K | $114.92 $120.97 | ▲ +5.26% | ▲ +4.56% | $123.62 (+7.57%) |
Jun 15, 2026 19w ago | Insider Cluster | $145.18 $143.34 | ▼ −1.27% | ▼ −0.02% | $123.62 (−14.85%) |
Jun 8, 2026 20w ago | Insider Cluster | $140.05 $135.76 | ▼ −3.06% | ▼ −1.49% | $123.62 (−11.73%) |
US Market Status
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