Tutor Perini Corporation $TPC Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in Tutor Perini Corporation (NYSE:TPC) by 768.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,858 shares of the construction company’s stock after buying an additional 53,850 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Tutor Perini were worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. raised its holdings in shares of Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 in the last quarter. Allworth Financial LP lifted its stake in shares of 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TPC. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Insiders Place Their Bets

In other news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, the director owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.40% of the stock is currently owned by corporate insiders.

Tutor Perini Trading Down 0.1%

NYSE:TPC opened at $76.69 on Friday. The business’s 50-day moving average is $79.04 and its two-hundred day moving average is $77.24. The firm has a market capitalization of $4.04 billion, a PE ratio of 52.17 and a beta of 2.05. Tutor Perini Corporation has a 12 month low of $43.52 and a 12 month high of $100.00. 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 issued its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Research analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

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

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.