Verus Capital Partners LLC Trims Stock Position in Tutor Perini Corporation $TPC

Verus Capital Partners LLC lessened its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 175,099 shares of the construction company’s stock after selling 8,246 shares during the quarter. Tutor Perini makes up approximately 0.7% of Verus Capital Partners LLC’s holdings, making the stock its 28th largest holding. Verus Capital Partners LLC’s holdings in Tutor Perini were worth $11,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TPC. SG Americas Securities LLC raised its holdings in shares of Tutor Perini by 11,487.7% during the fourth quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock worth $24,533,000 after purchasing an additional 362,895 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares in the last quarter. M&G PLC purchased a new position in shares of Tutor Perini during the 3rd quarter valued at approximately $15,658,000. Cubist Systematic Strategies LLC increased its holdings in shares of Tutor Perini by 397.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock valued at $13,663,000 after purchasing an additional 233,335 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Tutor Perini by 243.1% during the 3rd quarter. Marshall Wace LLP now owns 287,025 shares of the construction company’s stock valued at $18,826,000 after purchasing an additional 203,378 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Arkley purchased 8,117 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $73.02 per share, with a total value of $592,703.34. Following the acquisition, the director owned 216,717 shares in the company, valued at $15,824,675.34. This represents a 3.89% increase in their position. The SEC filing for this purchase provides additional information. 15.40% of the stock is currently owned by insiders.

Tutor Perini Stock Down 2.6%

Tutor Perini stock opened at $72.38 on Thursday. The stock has a market capitalization of $3.81 billion, a PE ratio of 49.23 and a beta of 2.06. Tutor Perini Corporation has a 12 month low of $37.99 and a 12 month high of $100.00. The business has a 50 day simple moving average of $80.50 and a 200-day simple moving average of $75.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, analysts anticipate that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Tutor Perini’s payout ratio is presently 16.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TPC shares. UBS Group lifted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.50.

About Tutor Perini

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.