Fuller & Thaler Discloses 4.11% Stake in Granite Construction (GVA)

Fuller & Thaler Asset Management, Inc. reports beneficial ownership of 1,796,154.75 shares of Granite Construction Inc. common stock, representing 4.11% of the class.

Rhea-AI Filing Summary

Fuller & Thaler Asset Management, Inc. reports beneficial ownership of 1,796,154.75 shares of Granite Construction Inc. common stock, representing 4.11% of the class. The filer holds sole voting power over 1,768,237.75 shares and sole dispositive power over 1,796,154.75 shares, with no shared voting or dispositive power reported. The filing states these shares are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Clear disclosure of exact share counts and voting/dispositive powers provides transparency for investors
• Sole voting and dispositive power indicates centralized management of the position by the adviser

Negative

• Ownership below 5% (4.11%) limits the filer’s ability to influence corporate control or trigger stronger disclosure obligations
• No indication of engagement or intent to influence issuer strategy or governance

Insights

Securities Analyst

TL;DR: Routine disclosure showing a sub-5% stake with sole voting and dispositive control, indicating investor interest but no control intent.

The report documents a 4.11% ownership position, below the 5% threshold that typically signals a larger activist or control intent. Sole voting and dispositive power over almost all reported shares suggests the adviser directly manages the positions rather than sharing authority. The certification that holdings are in the ordinary course of business reduces the likelihood this is aimed at changing issuer control. For investors, this is informational about a measurable but non-controlling institutional stake.

Corporate Governance Expert

TL;DR: Ownership is material enough to monitor but lacks indicators of governance influence or group action.

The filing shows clear, sole authority over the position, which matters for proxy voting outcomes if the stake is engaged, but at 4.11% it remains under thresholds that typically trigger heightened disclosure or governance engagement. No shared power, group affiliations, or statements of intent to influence control are disclosed, and the filer affirms ordinary-course holding. This is a standard regulatory disclosure that does not, by itself, signal governance activism.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares of Granite Construction (GVA) does Fuller & Thaler own?

The filer reports beneficial ownership of 1,796,154.75 shares of Granite Construction common stock.

What percentage of GVA does Fuller & Thaler hold?

The reported stake represents 4.11% of the outstanding class.

Does Fuller & Thaler have voting control over its GVA shares?

Yes; the filing lists sole voting power over 1,768,237.75 shares and no shared voting power.

Is Fuller & Thaler seeking to influence Granite Construction's control?

No. The filing certifies the shares are held in the ordinary course of business and not for the purpose of changing control.

Are there any group affiliations or shared powers reported?

No. The report shows 0 shared voting and dispositive power and states Not Applicable for group members.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/14/2025 - 05:29 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

GRANITE CONSTRUCTION INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

387328107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 387328107

1

Names of Reporting Persons

Fuller & Thaler Asset Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,768,237.75
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,796,154.75
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,796,154.75

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.11 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GRANITE CONSTRUCTION INC
(b)	Address of issuer's principal executive offices: 585 West Beach St, Watsonville, CA 95076
Item 2.
(a)	Name of person filing: Fuller & Thaler Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 411 Borel Avenue, Suite 300, San Mateo, CA 94402
(c)	Citizenship: California corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 387328107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,796,154.75
(b)	Percent of class: 4.11 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,768,237.75
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,796,154.75
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fuller & Thaler Asset Management, Inc.

Signature:	Hanna Zanoni
Name/Title:	Hanna Zanoni,Chief Compliance Officer
Date:	08/14/2025