Cvfg LLC Takes $4.01 Million Position in Tutor Perini Corporation $TPC

Cvfg LLC bought a new position in shares of Tutor Perini Corporation (NYSE:TPCFree 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

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Tutor Perini currently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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:TPCGet 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

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tutor Perini (NYSE:TPC)

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