SG Americas Securities LLC Grows Holdings in Tutor Perini Corporation $TPC

SG Americas Securities LLC lifted its stake in Tutor Perini Corporation (NYSE:TPC) by 11,487.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 366,054 shares of the construction company’s stock after acquiring an additional 362,895 shares during the quarter. SG Americas Securities LLC owned 0.69% of Tutor Perini worth $24,533,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. First Trust Advisors LP raised its position in Tutor Perini by 4,166.1% in the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock valued at $53,947,000 after purchasing an additional 1,126,182 shares during the period. Assenagon Asset Management S.A. boosted its position 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 worth $47,251,000 after buying an additional 487,529 shares during the period. Millennium Management LLC boosted its position in shares of Tutor Perini by 165.2% during the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after buying an additional 238,933 shares during the period. M&G PLC acquired a new stake in shares of Tutor Perini in the third quarter valued at $15,658,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Tutor Perini by 397.2% in the second quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock valued at $13,663,000 after buying an additional 233,335 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Activity

In other news, Director Peter Arkley bought 10,999 shares of Tutor Perini stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $72.44 per share, with a total value of $796,767.56. Following the completion of the acquisition, the director directly owned 208,600 shares in the company, valued at $15,110,984. The trade was a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Smalley bought 10,000 shares of Tutor Perini stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the acquisition, the chief executive officer owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This represents a 12.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 35,000 shares of company stock valued at $2,556,404 in the last quarter. Company insiders own 17.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TPC. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group lifted their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tutor Perini currently has a consensus rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Stock Performance

NYSE:TPC opened at $76.16 on Friday. Tutor Perini Corporation has a 52 week low of $18.33 and a 52 week high of $89.51. The company has a fifty day simple moving average of $77.55 and a two-hundred day simple moving average of $70.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 50.11 and a beta of 2.23.

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

Tutor Perini Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

About Tutor Perini

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.