Tutor Perini Corporation $TPC Shares Sold by Lesa Sroufe & Co

Lesa Sroufe & Co decreased its holdings in Tutor Perini Corporation (NYSE:TPC) by 45.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,494 shares of the construction company’s stock after selling 17,868 shares during the quarter. Lesa Sroufe & Co’s holdings in Tutor Perini were worth $1,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Tutor Perini during the 2nd quarter worth about $358,248,000. Dimensional Fund Advisors LP grew its holdings in Tutor Perini by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after purchasing an additional 12,573 shares during the period. First Trust Advisors LP grew its holdings in Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after purchasing an additional 334,632 shares during the period. Principal Financial Group Inc. purchased a new stake in Tutor Perini in the first quarter valued at approximately $59,754,000. Finally, Donald Smith & CO. Inc. acquired a new position in Tutor Perini during the second quarter worth approximately $40,407,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity

In other news, Chairman Ronald N. Tutor sold 2,310,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the transaction, the chairman directly owned 701,477 shares in the company, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were 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 of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,507,609 shares of company stock worth $216,823,719 over the last 90 days. Company insiders own 15.40% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $79.25 on Tuesday. The company’s fifty day simple moving average is $84.22 and its 200-day simple moving average is $81.36. Tutor Perini Corporation has a 52 week low of $57.90 and a 52 week high of $102.30. 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 company has a market cap of $4.17 billion, a PE ratio of 34.16 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts anticipate that Tutor Perini Corporation will post 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This is an increase 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 0.5%. The ex-dividend date was Wednesday, August 19th. Tutor Perini’s payout ratio is 15.52%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TPC. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings cut shares of Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. UBS Group upped their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Tutor Perini currently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.