JB Capital Partners LP Takes $25.93 Billion Position in Tutor Perini Corporation $TPC

JB Capital Partners LP bought a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 312,554 shares of the construction company’s stock, valued at approximately $25,932,605,000. Tutor Perini comprises approximately 4.0% of JB Capital Partners LP’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after buying an additional 183 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 valued at $36,000 after acquiring an additional 188 shares during the last quarter. Allworth Financial LP raised its holdings in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after acquiring an additional 252 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Tutor Perini by 31.5% during the fourth 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. 65.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the 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 transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares of the company’s stock, valued at $650,235. This represents a 96.49% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

TPC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, UBS Group lifted their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.00.

Tutor Perini Trading Up 0.7%

Shares of TPC stock opened at $90.97 on Friday. The firm has a 50 day moving average price of $83.95 and a two-hundred day moving average price of $80.62. 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 company has a market capitalization of $4.79 billion, a PE ratio of 39.21 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.

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

Tutor Perini Increases Dividend

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

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.