Tutor Perini Corporation $TPC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Tutor Perini Corporation (NYSE:TPC) by 11,487.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 366,054 shares of the construction company’s stock after purchasing an additional 362,895 shares during the quarter. SG Americas Securities LLC’s holdings in Tutor Perini were worth $24,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP boosted its position 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after acquiring an additional 426 shares in the last quarter. Comerica Bank raised its position in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after acquiring an additional 569 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Tutor Perini during the third quarter worth approximately $72,000. Finally, USA Financial Formulas purchased a new stake in Tutor Perini during the third quarter worth approximately $90,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tutor Perini news, Director Peter Arkley purchased 10,999 shares of Tutor Perini stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $72.44 per share, for a total transaction of $796,767.56. Following the transaction, the director directly owned 208,600 shares in the company, valued at $15,110,984. This trade represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary G. Smalley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $73.24 per share, with a total value of $732,400.00. Following 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 35,000 shares of company stock worth $2,556,404. Insiders own 17.30% of the company’s stock.

Analysts Set New Price Targets

TPC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group boosted their price objective on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini Stock Down 2.8%

TPC opened at $76.16 on Friday. The business’s 50-day simple moving average is $77.55 and its 200-day simple moving average is $70.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. Tutor Perini Corporation has a one year low of $18.33 and a one year high of $89.51. The stock has a market capitalization of $4.02 billion, a P/E ratio of 50.11 and a beta of 2.23.

Tutor Perini (NYSE:TPC) last announced its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The firm had revenue of $1.51 billion during 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%.The business’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

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

Tutor Perini Company 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.