Independent Advisor Alliance acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,451 shares of the construction company’s stock, valued at approximately $2,376,000.
Other hedge funds have also made changes to their positions in the company. Quarry LP increased 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 valued at $28,000 after acquiring an additional 183 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after acquiring an additional 426 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Tutor Perini by 2,085.3% during the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock valued at $50,000 after acquiring an additional 709 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Tutor Perini during the 3rd quarter valued at about $72,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Tutor Perini during the 3rd quarter valued at about $92,000. Institutional investors and hedge funds own 65.01% of the company’s stock.
Insider Buying and Selling at Tutor Perini
In other news, Director Peter Arkley bought 10,999 shares of the stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $72.44 per share, with a total value of $796,767.56. Following the purchase, the director owned 208,600 shares of the company’s stock, valued at approximately $15,110,984. This represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Smalley bought 10,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $73.24 per share, with a total value of $732,400.00. Following the completion of the purchase, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 35,000 shares of company stock valued at $2,556,404. Corporate insiders own 15.40% of the company’s stock.
Tutor Perini Price Performance
Tutor Perini (NYSE:TPC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.Tutor Perini’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current year.
Tutor Perini Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.06 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s payout ratio is presently 16.33%.
Wall Street Analyst Weigh In
TPC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. UBS Group raised their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.50.
Read Our Latest Stock Report on TPC
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.
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