Connor Clark & Lunn Investment Management Ltd. Invests $4.17 Million in Tutor Perini Corporation $TPC

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 50,277 shares of the construction company’s stock, valued at approximately $4,171,000.

A number of other large investors also recently made changes to their positions in TPC. Smartleaf Asset Management LLC boosted its holdings 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 last quarter. Quarry LP increased its stake in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after buying an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after buying an additional 188 shares during the last quarter. Allworth Financial LP increased its stake in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of Tutor Perini by 3.7% during the 1st quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock worth $760,000 after buying an additional 348 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was 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. 15.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. UBS Group lifted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.00.

Tutor Perini Price Performance

TPC opened at $92.49 on Friday. The firm has a market cap of $4.87 billion, a P/E ratio of 39.87 and a beta of 2.05. The firm has a 50-day moving average of $84.90 and a 200 day moving average of $80.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. Tutor Perini Corporation has a fifty-two week low of $56.62 and a fifty-two week high of $102.30.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The business 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 dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is 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.