Donald Smith & CO. Inc. Sells 80,341 Shares of Tutor Perini Corporation $TPC

Donald Smith & CO. Inc. reduced its holdings in Tutor Perini Corporation (NYSE:TPC) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,810,076 shares of the construction company’s stock after selling 80,341 shares during the period. Tutor Perini makes up about 2.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 19th biggest holding. Donald Smith & CO. Inc.’s holdings in Tutor Perini were worth $121,311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in TPC. SG Americas Securities LLC increased its holdings in Tutor Perini by 11,487.7% in the fourth quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock worth $24,533,000 after purchasing an additional 362,895 shares in the last quarter. Millennium Management LLC increased its holdings in Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after purchasing an additional 238,933 shares in the last quarter. M&G PLC bought a new stake in Tutor Perini in the third quarter worth approximately $15,658,000. Cubist Systematic Strategies LLC increased its holdings in Tutor Perini by 397.2% in the second quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock worth $13,663,000 after purchasing an additional 233,335 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Tutor Perini by 243.1% in the third quarter. Marshall Wace LLP now owns 287,025 shares of the construction company’s stock worth $18,826,000 after purchasing an additional 203,378 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TPC has been the subject of a number of research reports. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group upped their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tutor Perini currently has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini Price Performance

TPC stock opened at $68.87 on Thursday. The company has a market capitalization of $3.62 billion, a P/E ratio of 46.85 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. Tutor Perini Corporation has a 52-week low of $40.42 and a 52-week high of $100.00. The business has a 50-day simple moving average of $80.04 and a two-hundred day simple moving average of $75.91.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Research analysts expect that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini’s payout ratio is presently 16.33%.

Insider Activity

In related news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.40% of the stock is currently owned by insiders.

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.