Florida Financial Advisors LLC Acquires Shares of 9,914 Tutor Perini Corporation $TPC

Florida Financial Advisors LLC acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,914 shares of the construction company’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPC. 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 valued at $28,000 after acquiring an additional 183 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after buying an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after buying an additional 188 shares in the last quarter. Allworth Financial LP raised its stake in shares of Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after buying an additional 252 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Tutor Perini by 2,085.3% during the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock worth $50,000 after buying an additional 709 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Performance

TPC opened at $74.08 on Tuesday. The stock’s 50 day simple moving average is $80.40 and its 200 day simple moving average is $75.33. The stock has a market cap of $3.90 billion, a P/E ratio of 50.39 and a beta of 2.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. Tutor Perini Corporation has a 1-year low of $36.50 and a 1-year high of $100.00.

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

Tutor Perini Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid 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 is Thursday, May 21st. Tutor Perini’s dividend payout ratio is currently 16.33%.

Insiders Place Their Bets

In other Tutor Perini news, CEO Gary G. Smalley purchased 10,000 shares of Tutor Perini stock in a transaction on Wednesday, March 4th. The shares were bought 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 $6,699,921.96. This trade represents a 12.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the transaction, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired a total of 35,000 shares of company stock valued at $2,556,404 in the last quarter. 15.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TPC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group increased their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tutor Perini currently has an average rating of “Hold” and a consensus target price of $86.50.

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.