Integrated Quantitative Investments LLC Purchases 14,405 Shares of Tutor Perini Corporation $TPC

Integrated Quantitative Investments LLC grew its holdings in Tutor Perini Corporation (NYSE:TPC) by 138.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,780 shares of the construction company’s stock after buying an additional 14,405 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Tutor Perini were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in Tutor Perini by 104.2% in the 3rd quarter. Victory Capital Management Inc. now owns 102,389 shares of the construction company’s stock worth $6,716,000 after purchasing an additional 52,243 shares during the period. 111 Capital bought a new stake in Tutor Perini in the 3rd quarter valued at approximately $223,000. American Century Companies Inc. boosted its holdings in Tutor Perini by 19.2% during the third quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after purchasing an additional 189,768 shares during the last quarter. Xponance Inc. acquired a new position in shares of Tutor Perini during the 3rd quarter worth about $276,000. Finally, Fox Run Management L.L.C. increased its position in shares of Tutor Perini by 48.5% in the third quarter. Fox Run Management L.L.C. now owns 17,167 shares of the construction company’s stock valued at $1,126,000 after acquiring an additional 5,606 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

Tutor Perini Price Performance

Shares of NYSE TPC opened at $73.64 on Thursday. The business has a fifty day moving average price of $77.13 and a two-hundred day moving average price of $68.68. The stock has a market capitalization of $3.89 billion, a PE ratio of 48.45 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.30. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $89.51.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.Tutor Perini’s revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the business earned ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s dividend payout ratio is presently 15.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TPC. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group boosted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.