Aster Capital Management DIFC Ltd Invests $512,000 in Tutor Perini Corporation $TPC

Aster Capital Management DIFC Ltd purchased a new position in shares of Tutor Perini Corporation (NYSE:TPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,637 shares of the construction company’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP increased its position in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. increased its position in Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the period. Smartleaf Asset Management LLC increased its position in Tutor Perini by 968.2% in the 3rd 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 during the period. EverSource Wealth Advisors LLC increased its position in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after acquiring an additional 188 shares during the period. Finally, Allworth Financial LP increased its position in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after acquiring an additional 252 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tutor Perini Price Performance

Shares of NYSE TPC opened at $76.56 on Tuesday. Tutor Perini Corporation has a twelve month low of $41.16 and a twelve month high of $100.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 52.08 and a beta of 2.06. The firm has a 50-day moving average of $79.87 and a two-hundred day moving average of $76.16.

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

Tutor Perini Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 21st. Tutor Perini’s dividend payout ratio is presently 16.33%.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.40% of the company’s stock.

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.