First Trust Advisors LP Grows Holdings in Tutor Perini Corporation $TPC

First Trust Advisors LP increased its holdings in Tutor Perini Corporation (NYSE:TPC) by 17.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,383 shares of the construction company’s stock after acquiring an additional 197,169 shares during the quarter. First Trust Advisors LP’s holdings in Tutor Perini were worth $88,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TPC. Smartleaf Asset Management LLC grew its holdings in Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after purchasing an additional 426 shares during the period. Comerica Bank boosted its position in shares of Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Tutor Perini in the 3rd quarter worth approximately $90,000. State of Alaska Department of Revenue bought a new position in Tutor Perini during the 3rd quarter valued at approximately $192,000. Finally, Principal Financial Group Inc. purchased a new position in Tutor Perini during the third quarter valued at $204,000. Institutional investors own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group increased their price objective on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, 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. Two equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.50.

Tutor Perini Trading Down 1.2%

Shares of NYSE:TPC opened at $71.94 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. Tutor Perini Corporation has a 1 year low of $18.33 and a 1 year high of $89.51. The company has a market cap of $3.80 billion, a P/E ratio of 47.33 and a beta of 2.23. The stock’s fifty day moving average price is $77.31 and its 200-day moving average price is $69.09.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.92 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.Tutor Perini’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period last year, the company earned ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Tutor Perini’s payout ratio is presently 15.79%.

Insider Buying and Selling

In other news, CEO Gary G. Smalley acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average price of $73.24 per share, with a total value of $732,400.00. Following the completion of the acquisition, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Arkley acquired 10,999 shares of Tutor Perini stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $72.44 per share, with a total value of $796,767.56. Following the transaction, the director owned 208,600 shares of the company’s stock, valued at $15,110,984. The trade was a 5.57% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 35,000 shares of company stock worth $2,556,404. 17.30% of the stock is owned by insiders.

Tutor Perini Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.