7,234 Shares in Tutor Perini Corporation $TPC Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,234 shares of the construction company’s stock, valued at approximately $600,000.

Several other large investors have also modified their holdings of the business. GSA Capital Partners LLP raised its holdings in shares of Tutor Perini by 73.6% in the fourth quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock worth $3,577,000 after buying an additional 22,631 shares during the period. Sierra Summit Advisors LLC purchased a new position in Tutor Perini during the 4th quarter valued at $896,000. Bank of America Corp DE grew its position in Tutor Perini by 74.2% in the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company’s stock valued at $37,142,000 after acquiring an additional 204,878 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Tutor Perini by 768.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 60,858 shares of the construction company’s stock valued at $4,698,000 after acquiring an additional 53,850 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Tutor Perini by 66.6% in the fourth quarter. BNP Paribas Financial Markets now owns 246,557 shares of the construction company’s stock worth $16,524,000 after purchasing an additional 98,557 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Transactions at Tutor Perini

In other news, Chairman Ronald N. Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares in the company, valued at approximately $60,039,416.43. This trade represents a 76.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of the business’s 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 completion of the transaction, the director directly owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,507,609 shares of company stock valued at $216,823,719. Company insiders own 15.40% of the company’s stock.

Tutor Perini Price Performance

TPC opened at $85.10 on Wednesday. Tutor Perini Corporation has a 12-month low of $57.90 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. The business’s fifty day simple moving average is $86.92 and its 200-day simple moving average is $81.15. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 36.68 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last announced its quarterly 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 firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’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. On average, equities research analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were issued a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is presently 15.52%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TPC shares. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Finally, UBS Group boosted their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.00.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its activities span civil, building, and specialty contracting, with projects delivered for public agencies, commercial owners, and institutional clients.

The company’s civil operations focus on major infrastructure, including highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and utility projects.