241,108 Shares in Tutor Perini Corporation $TPC Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 241,108 shares of the construction company’s stock, valued at approximately $20,005,000. Empowered Funds LLC owned 0.46% of Tutor Perini at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPC. Formula Growth Ltd. bought a new position in shares of Tutor Perini in the second quarter valued at $2,040,000. Public Employees Retirement System of Ohio bought a new stake in shares of Tutor Perini during the second quarter worth about $56,000. Capstone Investment Advisors LLC acquired a new stake in shares of Tutor Perini in the 2nd quarter worth about $896,000. Corient Private Wealth LP acquired a new stake in shares of Tutor Perini in the 2nd quarter worth about $411,000. Finally, Bank of America Corp DE bought a new position in Tutor Perini in the 2nd quarter valued at about $27,305,000. Institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the transaction, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. UBS Group increased their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $105.00.

Tutor Perini Stock Up 4.5%

TPC opened at $92.49 on Friday. Tutor Perini Corporation has a fifty-two week low of $56.62 and a fifty-two week high of $102.30. The firm has a market capitalization of $4.87 billion, a P/E ratio of 39.87 and a beta of 2.05. The company’s 50-day moving average is $84.90 and its 200 day moving average is $80.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

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

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.

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.