Cwm LLC Raises Stock Holdings in Tutor Perini Corporation $TPC

Cwm LLC raised its stake in Tutor Perini Corporation (NYSE:TPC) by 248.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,660 shares of the construction company’s stock after buying an additional 7,604 shares during the quarter. Cwm LLC’s holdings in Tutor Perini were worth $699,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Comerica Bank raised its stake in shares of Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares during the period. USA Financial Formulas purchased a new stake in Tutor Perini in the third quarter valued at approximately $90,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Tutor Perini during the second quarter worth $145,000. Lingohr Asset Management GmbH purchased a new position in shares of Tutor Perini during the second quarter worth $206,000. Finally, Corton Capital Inc. acquired a new stake in shares of Tutor Perini in the second quarter valued at $213,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Price Performance

Tutor Perini stock opened at $71.13 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $66.54 and a 200-day simple moving average of $60.18. The stock has a market cap of $3.75 billion, a P/E ratio of -134.20 and a beta of 2.17. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $77.00.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. Tutor Perini had a positive return on equity of 7.07% and a negative net margin of 0.55%.Tutor Perini’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s payout ratio is presently -45.28%.

Insider Buying and Selling

In related news, CEO Gary G. Smalley purchased 5,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were bought at an average cost of $61.08 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This trade represents a 4.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Arkley acquired 24,853 shares of Tutor Perini stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $63.96 per share, with a total value of $1,589,597.88. Following the transaction, the director directly owned 176,570 shares in the company, valued at approximately $11,293,417.20. The trade was a 16.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 45,000 shares of company stock valued at $2,870,313 over the last ninety days. 17.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TPC. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. B. Riley reaffirmed a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. Finally, UBS Group increased their target price on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $80.50.

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.