Quantbot Technologies LP bought a new position in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,244 shares of the construction company’s stock, valued at approximately $1,182,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. Quarry LP raised its stake in shares of Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Tutor Perini by 3.7% in the first quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock valued at $760,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.
Insiders Place Their Bets
In related news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.40% of the company’s stock.
Analysts Set New Price Targets
Tutor Perini Stock Performance
Shares of TPC opened at $87.20 on Wednesday. The stock has a 50 day moving average of $84.40 and a 200 day moving average of $80.72. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 37.59 and a beta of 2.05. Tutor Perini Corporation has a 12 month low of $56.62 and a 12 month high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.
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 for the quarter, topping the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, sell-side analysts forecast that Tutor Perini Corporation will post 5.48 earnings per share for the current year.
Tutor Perini Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a $0.09 dividend. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s payout ratio is presently 15.52%.
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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