Tutor Perini Corporation $TPC Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its stake in Tutor Perini Corporation (NYSE:TPC) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,401 shares of the construction company’s stock after selling 13,905 shares during the period. Pinnacle Associates Ltd. owned approximately 0.45% of Tutor Perini worth $15,440,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TPC. Vanguard Group Inc. raised its holdings in shares of Tutor Perini by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock valued at $191,719,000 after buying an additional 103,799 shares during the period. First Trust Advisors LP boosted 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 acquiring an additional 197,169 shares during the period. American Century Companies Inc. grew its position in Tutor Perini by 19.2% in the third quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock valued at $77,356,000 after acquiring an additional 189,768 shares in the last quarter. Geode Capital Management LLC grew its position in Tutor Perini by 2.2% in the second quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock valued at $49,094,000 after acquiring an additional 22,210 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Tutor Perini by 209.4% during the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock valued at $47,251,000 after purchasing an additional 487,529 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Price Performance

TPC stock opened at $72.60 on Monday. The stock’s 50 day moving average is $77.24 and its two-hundred day moving average is $68.98. Tutor Perini Corporation has a 52-week low of $18.33 and a 52-week high of $89.51. The company has a market capitalization of $3.83 billion, a PE ratio of 47.76 and a beta of 2.23. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.92 by $0.15. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted ($1.49) EPS. The business’s revenue was up 41.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, March 10th. Tutor Perini’s dividend payout ratio is 15.79%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TPC. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group boosted their price objective on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.50.

Insiders Place Their Bets

In related news, Director Peter Arkley acquired 10,999 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was bought at an average cost of $72.44 per share, with a total value of $796,767.56. Following the acquisition, the director directly owned 208,600 shares in the company, valued at approximately $15,110,984. The trade was a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Smalley bought 10,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $73.24 per share, with a total value of $732,400.00. Following the transaction, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 35,000 shares of company stock worth $2,556,404 over the last quarter. 17.30% of the stock is currently owned by insiders.

Tutor Perini News Summary

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Heavy insider buying — CEO Gary Smalley purchased 10,000 shares (~$73.24 avg) and Director Peter Arkley bought a total of 25,000 shares across March 4–6. Large, repeated insider purchases increase confidence management expects further share/value appreciation. Read More. • Read More.
• Positive Sentiment: Earnings beat and upbeat guidance — Tutor Perini topped Q results (EPS $1.07 vs $0.92 est.) and reported ~41% revenue growth YoY; management issued FY2026 EPS guidance of $4.90–$5.30, supporting upside vs. prior expectations. This combination is a major fundamental catalyst. Read More.
• Positive Sentiment: Analyst target raised — UBS lifted its price target to $98 and maintained a Buy, which can attract investor interest and buying momentum. Read More.
• Neutral Sentiment: Dividend declared — Tutor Perini announced a quarterly $0.06 dividend (annualized $0.24, ~0.3% yield). Small cash return to shareholders is positive but immaterial to total return given the low yield. Read More.
• Neutral Sentiment: Institutional activity is mixed — several small institutional increases noted, but overall analyst coverage remains varied; institutional ownership is significant (~65%), so flows can amplify moves but are not yet a clear directional signal. Read More.
• Negative Sentiment: Mixed analyst/street views — despite recent upgrades, some firms (e.g., Weiss Ratings) still carry negative opinions and the consensus rating sits near “Hold,” implying room for divergent views and volatility if future results or backlog details disappoint. Read More.

Tutor Perini Company 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.