PEAK6 LLC trimmed its position in Tutor Perini Corporation (NYSE:TPC – Free Report) by 92.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,129 shares of the construction company’s stock after selling 74,971 shares during the period. PEAK6 LLC’s holdings in Tutor Perini were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPC. Comerica Bank lifted 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 acquiring an additional 569 shares during the period. AQR Capital Management LLC increased its holdings in shares of Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after purchasing an additional 54,204 shares during the period. Millennium Management LLC raised its stake in shares of Tutor Perini by 165.2% in 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 during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tutor Perini by 13.6% in 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of Tutor Perini during the second quarter worth about $691,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TPC shares. UBS Group upped their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.50.
Tutor Perini Stock Up 0.3%
TPC stock opened at $78.25 on Friday. 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 Corporation has a one year low of $41.16 and a one year high of $100.00. The firm’s fifty day moving average is $79.83 and its 200 day moving average is $76.37. The firm has a market cap of $4.12 billion, a PE ratio of 53.23 and a beta of 2.06.
Tutor Perini (NYSE:TPC – Get Free Report) last released 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. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.Tutor Perini’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, research analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current year.
Tutor Perini Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s payout ratio is currently 16.33%.
Insider Buying and Selling
In other Tutor Perini 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 transaction of $1,318,800.00. Following the completion of the transaction, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.
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