Legato Capital Management LLC purchased a new position in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,707 shares of the construction company’s stock, valued at approximately $584,000.
Several other large investors have also recently added to or reduced their stakes in TPC. Comerica Bank raised its holdings in Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. AQR Capital Management LLC raised its holdings in Tutor Perini by 42.0% during the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after purchasing an additional 54,204 shares in the last quarter. Millennium Management LLC raised its holdings in Tutor Perini by 165.2% during the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock worth $13,463,000 after purchasing an additional 69,489 shares in the last quarter. Finally, Norges Bank purchased a new position in Tutor Perini during the second quarter worth about $691,000. 65.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TPC has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. UBS Group increased their target price on shares of 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 downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Two equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.50.
Tutor Perini Price Performance
Shares of NYSE TPC opened at $74.72 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $80.26 and its 200 day moving average price is $75.08. Tutor Perini Corporation has a 52 week low of $36.22 and a 52 week high of $100.00. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 50.83 and a beta of 2.18.
Tutor Perini (NYSE:TPC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 firm earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, research analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.
Tutor Perini Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio is presently 16.33%.
Insider Buying and Selling at Tutor Perini
In related news, Director Peter Arkley bought 8,117 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the acquisition, the director owned 216,717 shares in the company, valued at $15,824,675.34. This represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gary G. Smalley bought 10,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were bought at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the acquisition, the chief executive officer owned 91,479 shares in the company, valued at $6,699,921.96. The trade was a 12.27% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 35,000 shares of company stock worth $2,556,404. 15.40% of the stock is owned by insiders.
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.
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