Ieq Capital LLC bought a new position in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,334 shares of the construction company’s stock, valued at approximately $857,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Tutor Perini during the second quarter valued at approximately $358,248,000. Principal Financial Group Inc. bought a new position in shares of Tutor Perini during the first quarter worth $59,754,000. Donald Smith & CO. Inc. acquired a new position in shares of Tutor Perini in the 2nd quarter valued at $40,407,000. Gendell Jeffrey L grew its holdings in shares of Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after buying an additional 433,559 shares during the period. Finally, Fred Alger Management LLC increased 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 valued at $74,114,000 after buying an additional 353,744 shares in the last quarter. 65.01% of the stock is owned by institutional investors.
Insider Buying and Selling at Tutor Perini
In other news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares in the company, valued at $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on TPC
Tutor Perini Stock Performance
Shares of Tutor Perini stock opened at $92.49 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 39.87 and a beta of 2.05. The stock’s 50-day moving average is $84.90 and its 200-day moving average is $80.85. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.
Tutor Perini (NYSE:TPC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company earned $0.38 earnings per share. Tutor Perini’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. Equities analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.
Tutor Perini Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.
About Tutor Perini
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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