Tutor Perini Corporation $TPC Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its stake in Tutor Perini Corporation (NYSE:TPC) by 46.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,888 shares of the construction company’s stock after purchasing an additional 24,122 shares during the quarter. Vest Financial LLC’s holdings in Tutor Perini were worth $6,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Tutor Perini by 26.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company’s stock valued at $66,000 after purchasing an additional 168 shares in the last quarter. Krilogy Financial LLC grew its holdings in Tutor Perini by 7.5% in the third quarter. Krilogy Financial LLC now owns 3,475 shares of the construction company’s stock valued at $290,000 after purchasing an additional 242 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Tutor Perini by 17.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,782 shares of the construction company’s stock valued at $147,000 after acquiring an additional 263 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Tutor Perini by 17.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,096 shares of the construction company’s stock worth $173,000 after purchasing an additional 307 shares in the last quarter. Finally, State of Wyoming increased its position in Tutor Perini by 3.7% during the first quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock worth $760,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares of the company’s stock, valued at $650,235. The trade was a 96.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Ronald Tutor sold 2,310,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman owned 701,477 shares of the company’s stock, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,507,609 shares of company stock worth $216,823,719 in the last ninety days. 15.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Tutor Perini from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Tutor Perini Stock Performance

TPC stock opened at $76.82 on Friday. The stock’s 50 day simple moving average is $85.96 and its 200 day simple moving average is $82.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. Tutor Perini Corporation has a 12-month low of $57.90 and a 12-month high of $102.30. The firm has a market cap of $4.04 billion, a P/E ratio of 33.11 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts predict that Tutor Perini Corporation will post 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.