66,959 Shares in Tutor Perini Corporation $TPC Bought by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 66,959 shares of the construction company’s stock, valued at approximately $5,556,000. Globeflex Capital L P owned about 0.13% of Tutor Perini as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 148 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Tutor Perini by 5.8% during the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after purchasing an additional 171 shares during the period. Quarry LP lifted its stake in shares of 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 purchasing an additional 183 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 188 shares during the period. Finally, Allworth Financial LP boosted its holdings in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TPC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. UBS Group increased their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.00.

Tutor Perini Price Performance

NYSE:TPC opened at $90.97 on Monday. Tutor Perini Corporation has a 12 month low of $56.62 and a 12 month high of $102.30. The stock has a 50 day moving average of $83.95 and a two-hundred day moving average of $80.62. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.79 billion, a P/E ratio of 39.21 and a beta of 2.05.

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

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.4%. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio is currently 15.52%.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 15.40% of the company’s stock.

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.