Donald Smith & CO. Inc. Purchases Shares of 487,004 Tutor Perini Corporation $TPC

Donald Smith & CO. Inc. purchased a new stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 487,004 shares of the construction company’s stock, valued at approximately $40,407,000. Donald Smith & CO. Inc. owned approximately 0.93% of Tutor Perini at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Tutor Perini during the second quarter worth about $358,248,000. Vanguard Group Inc. lifted its stake in Tutor Perini by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after acquiring an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Tutor Perini by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after acquiring an additional 12,573 shares in the last quarter. First Trust Advisors LP boosted its position in Tutor Perini by 32.7% during the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock worth $104,893,000 after acquiring an additional 334,632 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in Tutor Perini by 47.0% during the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after acquiring an additional 353,744 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

Tutor Perini Stock Performance

Shares of NYSE TPC opened at $90.97 on Friday. The stock has a 50 day moving average price of $83.95 and a 200 day moving average price of $80.62. Tutor Perini Corporation has a 52 week low of $56.62 and a 52 week high of $102.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $4.79 billion, a PE ratio of 39.21 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $1.07. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a $0.09 dividend. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TPC shares. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. UBS Group raised their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.00.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the 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 in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the sale, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. This represents a 96.49% decrease in their position. The SEC filing for this sale provides additional information. 15.40% of the stock is currently owned by company 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.