Hennessy Advisors Inc. Acquires Shares of 101,200 Tutor Perini Corporation $TPC

Posted by Stanley Muller on Aug 30th, 2026

Hennessy Advisors Inc. bought a new position in Tutor Perini Corporation (NYSE:TPC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 101,200 shares of the construction company’s stock, valued at approximately $8,397,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. bought a new position in Tutor Perini in the 2nd quarter worth about $358,248,000. Principal Financial Group Inc. bought a new stake in shares of Tutor Perini during the first quarter valued at approximately $59,754,000. Donald Smith & CO. Inc. bought a new stake in shares of Tutor Perini during the second quarter valued at approximately $40,407,000. Gendell Jeffrey L boosted its holdings in shares of Tutor Perini by 95.0% in the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in shares of Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after purchasing an additional 353,744 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director owned 6,700 shares in the company, valued at approximately $650,235. The trade was a 96.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dale Anne Reiss sold 13,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares in the company, valued at $2,871,924.12. This represents a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 15.40% of the company’s stock.

Tutor Perini Stock Down 2.9%

TPC stock opened at $89.32 on Friday. The stock has a market capitalization of $4.70 billion, a PE ratio of 38.50 and a beta of 2.05. Tutor Perini Corporation has a 52 week low of $56.62 and a 52 week high of $102.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $85.12 and a 200 day moving average of $80.90.

Tutor Perini (NYSE:TPC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts forecast that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is currently 15.52%.

Wall Street Analyst Weigh In

TPC has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday. UBS Group raised their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tutor Perini presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Read Our Latest Stock Report on Tutor Perini

About Tutor Perini

(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.