Tutor Perini Corporation $TPC Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 73.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,367 shares of the construction company’s stock after buying an additional 22,631 shares during the period. Tutor Perini makes up approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 11th largest holding. GSA Capital Partners LLP’s holdings in Tutor Perini were worth $3,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPC. Quarry LP increased its position in 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 purchasing an additional 183 shares during the period. Smartleaf Asset Management LLC increased its position in Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after purchasing an additional 426 shares during the period. 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 during the period. Farther Finance Advisors LLC increased its position in Tutor Perini by 2,085.3% during the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock worth $50,000 after purchasing an additional 709 shares during the period. Finally, Comerica Bank increased its position in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insiders Place Their Bets

In other Tutor Perini news, Director Peter Arkley purchased 10,999 shares of Tutor Perini stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $72.44 per share, with a total value of $796,767.56. Following the purchase, the director directly owned 208,600 shares in the company, valued at $15,110,984. This trade represents a 5.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Smalley purchased 10,000 shares of Tutor Perini stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the purchase, the chief executive officer owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 35,000 shares of company stock worth $2,556,404. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, UBS Group upped their price target on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.50.

Tutor Perini Price Performance

TPC stock opened at $75.41 on Tuesday. Tutor Perini Corporation has a 1 year low of $34.32 and a 1 year high of $100.00. The firm has a market cap of $3.97 billion, a P/E ratio of 51.30 and a beta of 2.18. The stock’s 50 day moving average price is $79.77 and its 200 day moving average price is $74.79. 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 issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’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, sell-side analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Tutor Perini’s dividend payout ratio is currently 16.33%.

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.