Lesa Sroufe & Co Trims Position in Tutor Perini Corporation $TPC

Lesa Sroufe & Co cut its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,787 shares of the construction company’s stock after selling 34,710 shares during the period. Tutor Perini accounts for approximately 2.0% of Lesa Sroufe & Co’s portfolio, making the stock its 23rd largest holding. Lesa Sroufe & Co’s holdings in Tutor Perini were worth $2,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after acquiring an additional 148 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Tutor Perini by 5.8% in the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after purchasing an additional 171 shares in the last quarter. Quarry LP lifted its stake in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares during the period. Finally, Allworth Financial LP boosted its holdings in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.40% of the stock is currently owned by corporate insiders.

Tutor Perini Trading Down 0.1%

Shares of TPC opened at $76.69 on Friday. Tutor Perini Corporation has a 1-year low of $43.52 and a 1-year high of $100.00. The company has a market capitalization of $4.04 billion, a P/E ratio of 52.17 and a beta of 2.05. 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 firm’s 50 day simple moving average is $79.04 and its 200 day simple moving average is $77.24.

Tutor Perini (NYSE:TPC) last released 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The business 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 annualized dividend and a yield of 0.3%. Tutor Perini’s payout ratio is 16.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tutor Perini presently has a consensus rating of “Moderate Buy” and a consensus 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.