Sterling Capital Management LLC Cuts Stake in Tutor Perini Corporation $TPC

Sterling Capital Management LLC cut its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 37.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,880 shares of the construction company’s stock after selling 7,076 shares during the period. Sterling Capital Management LLC’s holdings in Tutor Perini were worth $917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gendell Jeffrey L boosted its position in shares of Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after purchasing an additional 433,559 shares in the last quarter. SG Americas Securities LLC increased its position in Tutor Perini by 11,487.7% during the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock valued at $24,533,000 after buying an additional 362,895 shares in the last quarter. Fred Alger Management LLC raised its stake in Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after buying an additional 353,744 shares during the last quarter. Millennium Management LLC raised its stake in Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after buying an additional 238,933 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Tutor Perini by 397.2% in the second quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock worth $13,663,000 after acquiring an additional 233,335 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Price Performance

NYSE TPC opened at $82.97 on Wednesday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 56.44 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average price is $79.44 and its 200 day moving average price is $77.11. Tutor Perini Corporation has a 1 year low of $43.52 and a 1 year high of $100.00.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The company 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 firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities research analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.06 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio is currently 16.33%.

Insider Buying and Selling

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the director owned 149,410 shares in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TPC has been the topic of a number of research analyst reports. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Company 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.