JB Capital Partners LP Sells 175,000 Shares of Tutor Perini Corporation $TPC

JB Capital Partners LP decreased its position in Tutor Perini Corporation (NYSE:TPC) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 719,554 shares of the construction company’s stock after selling 175,000 shares during the period. Tutor Perini accounts for approximately 8.0% of JB Capital Partners LP’s investment portfolio, making the stock its 3rd largest position. JB Capital Partners LP owned 1.36% of Tutor Perini worth $47,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TPC. Arizona State Retirement System lifted its holdings in Tutor Perini by 1.4% in the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after acquiring an additional 182 shares during the last quarter. Savant Capital LLC increased its stake in Tutor Perini by 6.0% during the third quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock worth $399,000 after acquiring an additional 342 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tutor Perini by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,934 shares of the construction company’s stock worth $1,373,000 after acquiring an additional 382 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after purchasing an additional 426 shares during the period. Finally, Comerica Bank raised its position in Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Down 2.0%

NYSE:TPC opened at $67.82 on Monday. Tutor Perini Corporation has a 52 week low of $18.33 and a 52 week high of $89.51. The stock’s fifty day moving average is $77.45 and its two-hundred day moving average is $69.39. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 44.62 and a beta of 2.23. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31.

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

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s dividend payout ratio is 15.79%.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Peter Arkley acquired 8,117 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the completion of the acquisition, the director owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. This trade represents a 3.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Smalley bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the completion of the purchase, the chief executive officer owned 91,479 shares in the company, valued at $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 35,000 shares of company stock worth $2,556,404 over the last quarter. Insiders own 17.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. UBS Group boosted their price objective on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.