Westend Capital Management LLC Has $484,000 Stock Position in Tutor Perini Corporation $TPC

Westend Capital Management LLC lessened its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 50.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,218 shares of the construction company’s stock after selling 7,350 shares during the quarter. Westend Capital Management LLC’s holdings in Tutor Perini were worth $484,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP raised its stake in Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after buying an additional 183 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Tutor Perini by 968.2% during the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Comerica Bank increased its holdings in shares of Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Tutor Perini during the third quarter worth approximately $72,000. Finally, USA Financial Formulas bought a new position in shares of Tutor Perini in the 3rd quarter worth $90,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group boosted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two equities 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.com, the company presently has an average rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Stock Down 4.2%

TPC opened at $72.94 on Tuesday. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $89.51. The firm has a market capitalization of $3.85 billion, a P/E ratio of 47.98 and a beta of 2.23. The company’s 50-day moving average is $77.53 and its 200 day moving average is $70.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted ($1.49) EPS. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Tutor Perini’s dividend payout ratio (DPR) is presently 15.79%.

Insiders Place Their Bets

In other Tutor Perini news, Director Peter Arkley acquired 8,117 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $73.02 per share, with a total value of $592,703.34. Following the completion of the transaction, the director owned 216,717 shares in the company, valued at approximately $15,824,675.34. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary G. Smalley acquired 10,000 shares of Tutor Perini stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $73.24 per share, with a total value of $732,400.00. Following the purchase, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 35,000 shares of company stock worth $2,556,404 over the last quarter. 17.30% of the stock is currently owned by corporate insiders.

About Tutor Perini

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.