JB Capital Partners LP Makes New $25.93 Million Investment in Tutor Perini Corporation $TPC

JB Capital Partners LP bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 312,554 shares of the construction company’s stock, valued at approximately $25,932,605. Tutor Perini accounts for about 0.0% of JB Capital Partners LP’s portfolio, making the stock its 8th biggest position. JB Capital Partners LP owned 0.59% of Tutor Perini at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Donald Smith & CO. Inc. bought a new stake in Tutor Perini during the second quarter worth $40,407,000. Allworth Financial LP purchased a new stake in shares of Tutor Perini in the second quarter worth about $53,000. NFJ Investment Group LLC bought a new position in shares of Tutor Perini in the second quarter worth about $9,567,000. Silvant Capital Management LLC purchased a new stake in shares of Tutor Perini during the second quarter valued at $49,000. Finally, Abacus FCF Advisors LLC acquired a new stake in shares of Tutor Perini in the second quarter valued at about $6,158,000. 65.01% of the stock is owned by institutional investors.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the company’s stock in a transaction on 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 completion of the sale, the director directly owned 6,700 shares in the company, valued at $650,235. This 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.

Tutor Perini Stock Performance

TPC traded down $2.56 during trading on Friday, reaching $89.39. 154,953 shares of the company’s stock were exchanged, compared to its average volume of 638,232. The company’s fifty day simple moving average is $84.90 and its 200-day simple moving average is $80.85. Tutor Perini Corporation has a 1 year low of $56.62 and a 1 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. The stock has a market capitalization of $4.70 billion, a P/E ratio of 38.53 and a beta of 2.05.

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

Tutor Perini Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.