11,445 Shares in Tutor Perini Corporation $TPC Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,445 shares of the construction company’s stock, valued at approximately $883,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in Tutor Perini by 11.4% during the 1st quarter. Lazard Asset Management LLC now owns 51,933 shares of the construction company’s stock worth $4,009,000 after acquiring an additional 5,320 shares in the last quarter. Castleark Management LLC raised its holdings in shares of Tutor Perini by 13.9% in the 1st quarter. Castleark Management LLC now owns 116,440 shares of the construction company’s stock valued at $8,988,000 after purchasing an additional 14,220 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Tutor Perini during the 1st quarter worth $810,000. OMERS ADMINISTRATION Corp lifted its position in shares of Tutor Perini by 177.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 21,718 shares of the construction company’s stock worth $1,676,000 after purchasing an additional 13,900 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Tutor Perini during the first quarter worth $2,700,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Trading Up 8.6%

NYSE TPC opened at $83.30 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s fifty day moving average price is $77.64 and its 200 day moving average price is $78.82. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 56.66 and a beta of 2.05. Tutor Perini Corporation has a 12 month low of $43.52 and a 12 month high of $100.00.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous 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. On average, sell-side analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.06 dividend. The ex-dividend date of this dividend 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 is 16.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.50.

Insider Transactions at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction that occurred 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 SEC, which is available through the SEC website. 15.40% of the stock is owned by corporate insiders.

Tutor Perini 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.