11,792 Shares in Tutor Perini Corporation $TPC Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,792 shares of the construction company’s stock, valued at approximately $973,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Tutor Perini in the 2nd quarter valued at $358,248,000. Principal Financial Group Inc. acquired a new position in shares of Tutor Perini during the 1st quarter worth about $59,754,000. Donald Smith & CO. Inc. bought a new position in Tutor Perini during the 2nd quarter worth approximately $40,407,000. Copeland Capital Management LLC bought a new position in Tutor Perini during the 3rd quarter worth approximately $30,446,000. Finally, First Trust Advisors LP grew its holdings in Tutor Perini by 32.7% during the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after purchasing an additional 334,632 shares during the period. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. UBS Group boosted their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tutor Perini presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Tutor Perini Stock Down 0.3%

Shares of Tutor Perini stock opened at $79.55 on Monday. The company has a market capitalization of $4.19 billion, a P/E ratio of 34.29 and a beta of 2.06. 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 business has a 50-day moving average of $84.46 and a two-hundred day moving average of $81.33. Tutor Perini Corporation has a 1 year low of $57.90 and a 1 year high of $102.30.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share 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 business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Tutor Perini’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, equities analysts predict that Tutor Perini Corporation will post 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Tutor Perini’s payout ratio is presently 15.52%.

Insider Buying and Selling at Tutor Perini

In other news, Director Sidney Feltenstein sold 184,209 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ronald Tutor sold 2,310,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the transaction, the chairman owned 701,477 shares of the company’s stock, valued at $60,039,416.43. This trade represents a 76.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,507,609 shares of company stock valued at $216,823,719. 15.40% of the stock is currently owned by corporate insiders.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.