Tutor Perini Corporation $TPC Stock Position Reduced by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its position in Tutor Perini Corporation (NYSE:TPC) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,401 shares of the construction company’s stock after selling 13,905 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Tutor Perini were worth $15,440,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its stake in Tutor Perini by 17.1% during the third quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after purchasing an additional 197,169 shares during the last quarter. Integrated Quantitative Investments LLC boosted its holdings in Tutor Perini by 138.8% in the third quarter. Integrated Quantitative Investments LLC now owns 24,780 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 14,405 shares during the period. Victory Capital Management Inc. increased its stake in Tutor Perini by 104.2% during the third quarter. Victory Capital Management Inc. now owns 102,389 shares of the construction company’s stock valued at $6,716,000 after purchasing an additional 52,243 shares during the last quarter. 111 Capital bought a new stake in Tutor Perini during the third quarter valued at $223,000. Finally, American Century Companies Inc. raised its holdings in shares of Tutor Perini by 19.2% during the third quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after purchasing an additional 189,768 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TPC. UBS Group lifted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tutor Perini currently has a consensus rating of “Hold” and a consensus price target of $86.50.

Tutor Perini News Roundup

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Heavy insider buying — CEO Gary Smalley purchased 10,000 shares (~$73.24 avg) and Director Peter Arkley bought a total of 25,000 shares across March 4–6. Large, repeated insider purchases increase confidence management expects further share/value appreciation. Read More. • Read More.
• Positive Sentiment: Earnings beat and upbeat guidance — Tutor Perini topped Q results (EPS $1.07 vs $0.92 est.) and reported ~41% revenue growth YoY; management issued FY2026 EPS guidance of $4.90–$5.30, supporting upside vs. prior expectations. This combination is a major fundamental catalyst. Read More.
• Positive Sentiment: Analyst target raised — UBS lifted its price target to $98 and maintained a Buy, which can attract investor interest and buying momentum. Read More.
• Neutral Sentiment: Dividend declared — Tutor Perini announced a quarterly $0.06 dividend (annualized $0.24, ~0.3% yield). Small cash return to shareholders is positive but immaterial to total return given the low yield. Read More.
• Neutral Sentiment: Institutional activity is mixed — several small institutional increases noted, but overall analyst coverage remains varied; institutional ownership is significant (~65%), so flows can amplify moves but are not yet a clear directional signal. Read More.
• Negative Sentiment: Mixed analyst/street views — despite recent upgrades, some firms (e.g., Weiss Ratings) still carry negative opinions and the consensus rating sits near “Hold,” implying room for divergent views and volatility if future results or backlog details disappoint. Read More.

Insider Activity

In other news, Director Peter Arkley bought 10,999 shares of the firm’s stock in a transaction 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 owned 208,600 shares in the company, valued at approximately $15,110,984. This trade represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary G. Smalley purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the purchase, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This trade represents a 12.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 35,000 shares of company stock valued at $2,556,404. 17.30% of the stock is owned by insiders.

Tutor Perini Price Performance

Shares of TPC opened at $72.60 on Monday. Tutor Perini Corporation has a 12 month low of $18.33 and a 12 month high of $89.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a fifty day moving average price of $77.24 and a 200 day moving average price of $68.98. The company has a market cap of $3.83 billion, a P/E ratio of 47.76 and a beta of 2.23.

Tutor Perini (NYSE:TPC) last posted 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. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period last year, the business posted ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Tutor Perini’s payout ratio is presently 15.79%.

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.