Capstone Investment Advisors LLC Takes $896,000 Position in Tutor Perini Corporation $TPC

Capstone Investment Advisors LLC purchased a new stake in Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 10,798 shares of the construction company’s stock, valued at approximately $896,000.

A number of other hedge funds have also recently added to or reduced their stakes in TPC. Smartleaf Asset Management LLC lifted its position in Tutor Perini by 31.5% during the fourth 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. Quarry LP boosted its stake in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 valued at $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP increased its position in Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares in the last quarter. Finally, State of Wyoming increased its position in Tutor Perini by 3.7% during the 1st quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock worth $760,000 after purchasing an additional 348 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling at Tutor Perini

In related news, Director Dale Anne Reiss sold 13,400 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares of the company’s stock, valued at $2,871,924.12. This trade represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the transaction, the director directly owned 6,700 shares in the company, valued at $650,235. The trade was a 96.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group increased their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One equities research 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. According to data from MarketBeat.com, Tutor Perini currently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Tutor Perini Stock Down 2.9%

Shares of NYSE TPC opened at $89.32 on Friday. The company has a 50 day simple moving average of $85.12 and a 200 day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. Tutor Perini Corporation has a 1 year low of $56.62 and a 1 year high of $102.30. The firm has a market cap of $4.70 billion, a PE ratio of 38.50 and a beta of 2.05.

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

Tutor Perini Increases Dividend

The firm also recently disclosed 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 positive change 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 payout ratio is presently 15.52%.

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.