Fuller & Thaler Amends Granite Construction Stake to 2.75M Shares
Ticker: GVA · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 861459
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**Fuller & Thaler still holds over 2.7M shares of Granite Construction, showing continued institutional confidence.**
AI Summary
Fuller & Thaler Asset Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing their ownership of 2,752,012 shares of Granite Construction Incorporated common stock as of December 31, 2023. This represents a significant stake, giving them sole voting power over 2,700,718 shares. This matters to investors because it shows a prominent institutional investor maintains a substantial position in Granite Construction, potentially signaling confidence in the company's future performance.
Why It Matters
This filing indicates a major institutional investor, Fuller & Thaler Asset Management, Inc., continues to hold a significant stake in Granite Construction, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative risks for the stock.
Analyst Insight
A smart investor would note that a major institutional investor like Fuller & Thaler Asset Management, Inc. continues to hold a substantial position in Granite Construction, suggesting ongoing confidence. This information could be used as a data point when evaluating the stock, but further research into Granite Construction's fundamentals and Fuller & Thaler's investment thesis would be prudent.
Key Numbers
- 2,752,012 — Total Shares Beneficially Owned (This is the total number of Granite Construction shares Fuller & Thaler Asset Management, Inc. reported owning.)
- 2,700,718 — Sole Voting Power Shares (This indicates the number of shares Fuller & Thaler can vote on independently.)
- December 31, 2023 — Reporting Date (This is the snapshot date for the ownership information provided in the filing.)
Key Players & Entities
- Fuller & Thaler Asset Management, Inc. (company) — the reporting person and institutional investor
- Granite Construction Incorporated (company) — the subject company whose shares are being reported
- 2,752,012 (dollar_amount) — total shares beneficially owned by Fuller & Thaler
- 2,700,718 (dollar_amount) — shares over which Fuller & Thaler has sole voting power
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Fuller & Thaler Asset Management, Inc. will maintain a significant stake in Granite Construction Incorporated for the foreseeable future. (Fuller & Thaler Asset Management, Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this specific SC 13G/A filing by Fuller & Thaler Asset Management, Inc.?
This SC 13G/A is an Amendment No. 4, filed by Fuller & Thaler Asset Management, Inc. to update their beneficial ownership of Common Stock in Granite Construction Incorporated as of December 31, 2023, under Rule 13d-1(b) for Investment Advisers & Investment Adviser Representatives.
How many shares of Granite Construction Incorporated does Fuller & Thaler Asset Management, Inc. beneficially own, according to this filing?
As of December 31, 2023, Fuller & Thaler Asset Management, Inc. beneficially owns 2,752,012 shares of Granite Construction Incorporated Common Stock, as stated on page 2 of the filing under 'Sole Dispositive Power'.
What is the extent of Fuller & Thaler Asset Management, Inc.'s voting power over these shares?
Fuller & Thaler Asset Management, Inc. holds sole voting power over 2,700,718 shares of Granite Construction Incorporated, as indicated on page 2 of the filing under 'Sole Voting Power'.
When was the event date that required this filing?
The date of the event which requires this filing is December 31, 2023, as specified on the cover page of the Schedule 13G (Amendment No. 4).
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is designated for Investment Advisers & Investment Adviser Representatives, as marked with an 'X' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding GRANITE CONSTRUCTION INC (GVA).