148,068 Shares in Tutor Perini Corporation $TPC Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 148,068 shares of the construction company’s stock, valued at approximately $6,927,000. Edgestream Partners L.P. owned 0.28% of Tutor Perini as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tutor Perini by 75.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,363 shares of the construction company’s stock worth $542,000 after buying an additional 10,018 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Tutor Perini by 70.0% in the first quarter. Voya Investment Management LLC now owns 22,573 shares of the construction company’s stock valued at $523,000 after acquiring an additional 9,294 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tutor Perini by 24.5% in the second quarter. American Century Companies Inc. now owns 989,612 shares of the construction company’s stock worth $46,294,000 after acquiring an additional 194,729 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Tutor Perini during the first quarter worth approximately $54,000. Finally, Kingsview Wealth Management LLC acquired a new position in Tutor Perini in the 2nd quarter valued at $426,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Down 3.2%

Shares of NYSE:TPC opened at $66.37 on Tuesday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -26.34 and a beta of 1.94. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $77.00. The business has a 50-day moving average price of $64.44 and a 200 day moving average price of $54.52. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.32.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. Tutor Perini’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, December 9th. Tutor Perini’s dividend payout ratio (DPR) is -45.28%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TPC. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. UBS Group upped their price objective on shares of Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, B. Riley restated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.33.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Chairman Ronald N. Tutor sold 83,144 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.94, for a total transaction of $5,399,371.36. Following the transaction, the chairman directly owned 4,062,985 shares in the company, valued at $263,850,245.90. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Smalley purchased 5,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $61.08 per share, with a total value of $305,400.00. Following the completion of the transaction, the chief executive officer owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This trade represents a 4.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 45,000 shares of company stock worth $2,870,313 and sold 369,312 shares worth $23,767,545. 17.30% of the stock is owned by company insiders.

Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.