JB Capital Partners LP Takes Position in Tutor Perini Corporation $TPC

JB Capital Partners LP purchased a new stake in Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 312,554 shares of the construction company’s stock, valued at approximately $25,932,605,000. Tutor Perini makes up about 4.0% of JB Capital Partners LP’s holdings, making the stock its 8th biggest position. JB Capital Partners LP owned approximately 0.59% of Tutor Perini at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TPC. Quarry LP boosted its holdings in shares of 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 acquiring an additional 183 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after buying an additional 188 shares during the period. Allworth Financial LP boosted its stake in Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after acquiring an additional 252 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 148 shares during the period. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the topic of a number of analyst reports. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. UBS Group lifted their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Two 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. According to data from MarketBeat.com, Tutor Perini presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Tutor Perini Trading Up 0.7%

Shares of NYSE TPC opened at $90.97 on Friday. Tutor Perini Corporation has a twelve month low of $56.62 and a twelve month high of $102.30. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 39.21 and a beta of 2.05. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $83.95 and its 200-day moving average is $80.62.

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

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini’s payout ratio is 15.52%.

Insider Transactions at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director owned 6,700 shares in the company, valued at $650,235. This trade represents a 96.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.40% of the company’s stock.

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.