Sei Investments Co. Has $8.27 Million Stock Position in Tutor Perini Corporation $TPC

Sei Investments Co. boosted its holdings in Tutor Perini Corporation (NYSE:TPC) by 94.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,094 shares of the construction company’s stock after purchasing an additional 51,960 shares during the quarter. Sei Investments Co.’s holdings in Tutor Perini were worth $8,267,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the period. AQR Capital Management LLC lifted its position in shares of Tutor Perini by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after acquiring an additional 54,204 shares during the period. Millennium Management LLC lifted its position in shares of Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after acquiring an additional 238,933 shares during the period. Goldman Sachs Group Inc. boosted its stake in Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock worth $13,463,000 after acquiring an additional 69,489 shares in the last quarter. Finally, Norges Bank bought a new position in Tutor Perini during the second quarter worth $691,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Tutor Perini Trading Down 0.4%

NYSE TPC opened at $83.44 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a 52 week low of $43.52 and a 52 week high of $100.00. The business has a 50 day moving average price of $77.85 and a 200-day moving average price of $78.88. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 56.77 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.65 EPS. 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. As a group, equities analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s dividend payout ratio is presently 16.33%.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the firm’s 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 transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tutor Perini presently has an average rating of “Hold” and an average target price of $86.50.

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.