Edgestream Partners L.P. Sells 105,517 Shares of Tutor Perini Corporation $TPC

Edgestream Partners L.P. decreased its stake in Tutor Perini Corporation (NYSE:TPC) by 85.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 17,355 shares of the construction company’s stock after selling 105,517 shares during the quarter. Edgestream Partners L.P.’s holdings in Tutor Perini were worth $1,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. Federated Hermes Inc. increased its stake 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 raised its position in Tutor Perini by 54.0% during the fourth 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 raised its position in Tutor Perini by 71.4% during the fourth 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 lifted 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 worth $42,000 after purchasing an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Trading Up 2.5%

NYSE TPC opened at $85.85 on Tuesday. The stock has a market cap of $4.52 billion, a P/E ratio of 58.40 and a beta of 2.05. Tutor Perini Corporation has a fifty-two week low of $45.56 and a fifty-two week high of $100.00. The stock has a 50 day simple moving average of $78.12 and a two-hundred day simple moving average of $78.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter 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. On average, analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TPC. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tutor Perini has an average rating of “Hold” and an average price target of $86.50.

Insiders Place Their Bets

In related news, Director Robert C. Lieber sold 17,500 shares of the company’s 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 sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.40% of the stock is currently owned by 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.