Tutor Perini Corporation $TPC Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in Tutor Perini Corporation (NYSE:TPC) by 37.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,880 shares of the construction company’s stock after selling 7,076 shares during the quarter. Sterling Capital Management LLC’s holdings in Tutor Perini were worth $917,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TPC. Vanguard Group Inc. grew its holdings in Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after acquiring an additional 86,874 shares during the period. First Trust Advisors LP lifted its holdings in Tutor Perini by 17.1% in the third quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock valued at $88,572,000 after acquiring an additional 197,169 shares during the period. American Century Companies Inc. boosted its position in Tutor Perini by 19.2% in the 3rd quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after purchasing an additional 189,768 shares in the last quarter. Fred Alger Management LLC boosted its position in Tutor Perini by 47.0% in the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after purchasing an additional 353,744 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Tutor Perini by 1.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after purchasing an additional 10,898 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Performance

NYSE TPC opened at $82.97 on Wednesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 56.44 and a beta of 2.06. Tutor Perini Corporation has a twelve month low of $43.52 and a twelve month high of $100.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $79.44 and a 200 day moving average of $77.11.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.65 earnings per share. Tutor Perini’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts anticipate that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.06 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is 16.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.50.

Insider Transactions at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the sale, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.40% of the company’s stock.

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.