GSA Capital Partners LLP Makes New $3.08 Million Investment in Tutor Perini Corporation $TPC

GSA Capital Partners LLP acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 37,184 shares of the construction company’s stock, valued at approximately $3,085,000.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of Tutor Perini in the first quarter worth approximately $59,754,000. Gendell Jeffrey L raised its stake in Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the last quarter. Fred Alger Management LLC raised its stake 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 valued at $74,114,000 after purchasing an additional 353,744 shares during the last quarter. First Trust Advisors LP lifted its holdings in Tutor Perini by 32.7% in the 1st 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings in Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Buying and Selling at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the sale, the director directly owned 149,410 shares of the company’s stock, valued at $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 211,709 shares of company stock worth $19,938,783. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. 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 stock. Based on data from MarketBeat.com, Tutor Perini currently has an average rating of “Hold” and an average target price of $105.00.

Tutor Perini Stock Up 2.2%

TPC stock opened at $96.75 on Friday. The firm has a market cap of $5.09 billion, a PE ratio of 41.70 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $81.97 and its 200-day moving average price is $80.15. Tutor Perini Corporation has a one year low of $53.83 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, equities research analysts anticipate that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be paid a $0.09 dividend. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio is currently 10.34%.

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.