Castleark Management LLC Raises Position in Tutor Perini Corporation $TPC

Castleark Management LLC lifted its stake in Tutor Perini Corporation (NYSE:TPC) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,440 shares of the construction company’s stock after purchasing an additional 14,220 shares during the quarter. Castleark Management LLC’s holdings in Tutor Perini were worth $8,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Quarry LP lifted its holdings in shares of Tutor Perini by 74.7% in 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. raised its position in Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP lifted its stake in Tutor Perini by 71.4% in 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 last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after buying an additional 148 shares during the period. Institutional investors own 65.01% of the company’s stock.

Insider Activity at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 15.40% of the company’s stock.

Tutor Perini Stock Down 0.4%

Shares of NYSE TPC opened at $86.39 on Monday. Tutor Perini Corporation has a 52-week low of $43.52 and a 52-week high of $100.00. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 58.77 and a beta of 2.05. The stock has a 50 day moving average price of $77.13 and a 200 day moving average price of $78.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.Tutor Perini’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 16.33%.

Wall Street Analyst Weigh In

TPC has been the topic of several recent analyst reports. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tutor Perini has a consensus rating of “Moderate Buy” 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.