Hillsdale Investment Management Inc. Has $7.98 Million Holdings in Tutor Perini Corporation $TPC

Hillsdale Investment Management Inc. lessened its position in shares of Tutor Perini Corporation (NYSE:TPC) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,330 shares of the construction company’s stock after selling 11,220 shares during the period. Hillsdale Investment Management Inc. owned about 0.20% of Tutor Perini worth $7,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TPC. Principal Financial Group Inc. acquired a new position in shares of Tutor Perini during the first quarter worth about $59,754,000. Fifth Third Bancorp bought a new stake in Tutor Perini in the 1st quarter valued at approximately $304,000. Cvfg LLC bought a new stake in Tutor Perini in the 1st quarter valued at approximately $4,013,000. Hodges Capital Management Inc. boosted its position in Tutor Perini by 28.4% during the 1st quarter. Hodges Capital Management Inc. now owns 74,471 shares of the construction company’s stock worth $5,748,000 after acquiring an additional 16,473 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in Tutor Perini during the 1st quarter worth approximately $1,796,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TPC shares. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Tutor Perini Stock Down 1.6%

NYSE:TPC opened at $74.70 on Tuesday. Tutor Perini Corporation has a twelve month low of $43.52 and a twelve month high of $100.00. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 50.82 and a beta of 2.05. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $77.62 and its two-hundred day moving average price is $77.62.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. The company 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 firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities research analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.06 dividend. 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 Thursday, May 21st. Tutor Perini’s dividend payout ratio (DPR) is 16.33%.

Insider Activity at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the transaction, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.40% of the stock is currently owned by company 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.