Donald Smith & CO. Inc. Acquires Shares of 487,004 Tutor Perini Corporation $TPC

Donald Smith & CO. Inc. acquired a new stake in Tutor Perini Corporation (NYSE:TPC) in the second quarter, HoldingsChannel.com reports. The fund acquired 487,004 shares of the construction company’s stock, valued at approximately $40,407,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP boosted its position in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

TPC has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, UBS Group upped their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Tutor Perini has an average rating of “Hold” and a consensus price target of $105.00.

Tutor Perini Stock Performance

NYSE:TPC opened at $90.97 on Friday. The stock has a 50 day simple moving average of $83.95 and a 200 day simple moving average of $80.62. The stock has a market cap of $4.79 billion, a P/E ratio of 39.21 and a beta of 2.05. Tutor Perini Corporation has a 1-year low of $56.62 and a 1-year high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last issued 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 analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Research analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is presently 15.52%.

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.