Tutor Perini Corporation $TPC is JB Capital Partners LP’s 6th Largest Position

JB Capital Partners LP lessened its position in Tutor Perini Corporation (NYSE:TPC) by 29.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 509,554 shares of the construction company’s stock after selling 210,000 shares during the quarter. Tutor Perini makes up about 5.9% of JB Capital Partners LP’s holdings, making the stock its 6th biggest holding. JB Capital Partners LP’s holdings in Tutor Perini were worth $34,150,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Castleark Management LLC purchased a new stake in shares of Tutor Perini in the 4th quarter valued at approximately $6,851,000. Advisors Asset Management Inc. lifted its position in shares of Tutor Perini by 18.8% in the 4th quarter. Advisors Asset Management Inc. now owns 166,256 shares of the construction company’s stock valued at $11,142,000 after acquiring an additional 26,304 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Tutor Perini in the 4th quarter valued at approximately $1,087,000. Integrated Quantitative Investments LLC lifted its position in shares of Tutor Perini by 40.6% in the 4th quarter. Integrated Quantitative Investments LLC now owns 34,831 shares of the construction company’s stock valued at $2,334,000 after acquiring an additional 10,051 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position 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 valued at $29,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Up 1.7%

Tutor Perini stock opened at $74.85 on Friday. The firm has a market cap of $3.94 billion, a PE ratio of 50.92 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50 day moving average price is $79.89 and its two-hundred day moving average price is $75.99. Tutor Perini Corporation has a twelve month low of $41.16 and a twelve month high of $100.00.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data 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. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, research analysts predict that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.50.

Insider Activity at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the director owned 149,410 shares in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.40% of the company’s stock.

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.