Cvfg LLC bought a new position in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 51,990 shares of the construction company’s stock, valued at approximately $4,013,000.
Several other large investors also recently modified their holdings of TPC. Vanguard Group Inc. increased its holdings in Tutor Perini by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after purchasing an additional 86,874 shares during the period. First Trust Advisors LP lifted its holdings in Tutor Perini by 17.1% in the 3rd quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after buying an additional 197,169 shares during the period. Fred Alger Management LLC grew its position in shares of Tutor Perini by 47.0% in the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after buying an additional 353,744 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tutor Perini by 1.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after buying an additional 10,898 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tutor Perini by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,084,349 shares of the construction company’s stock valued at $72,685,000 after buying an additional 31,467 shares during the period. 65.01% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction 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 approximately $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on TPC
Tutor Perini Stock Down 6.0%
TPC stock opened at $75.11 on Wednesday. Tutor Perini Corporation has a fifty-two week low of $43.52 and a fifty-two week high of $100.00. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 51.10 and a beta of 2.05. The business’s 50 day moving average price is $78.67 and its two-hundred day moving average price is $77.44. 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 – Get Free Report) last released its earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’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. As a group, analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.
Tutor Perini Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.06 dividend. The ex-dividend date was 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 16.33%.
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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