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

Aster Capital Management DIFC Ltd bought a new position in Tutor Perini Corporation (NYSE:TPC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,637 shares of the construction company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp boosted its position in shares of Tutor Perini by 8.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 7,818 shares of the construction company’s stock worth $524,000 after buying an additional 618 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Tutor Perini by 20.3% in the fourth quarter. Panagora Asset Management Inc. now owns 177,209 shares of the construction company’s stock worth $11,877,000 after buying an additional 29,852 shares during the period. Mariner LLC boosted its position in shares of Tutor Perini by 145.7% in the fourth quarter. Mariner LLC now owns 26,630 shares of the construction company’s stock worth $1,786,000 after buying an additional 15,790 shares during the period. Fieldview Capital Management LLC purchased a new stake in shares of Tutor Perini in the fourth quarter worth about $259,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Tutor Perini in the fourth quarter worth about $767,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Trading Up 2.2%

Shares of TPC opened at $76.56 on Tuesday. The company has a market capitalization of $4.03 billion, a P/E ratio of 52.08 and a beta of 2.06. Tutor Perini Corporation has a one year low of $41.16 and a one year high of $100.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50-day moving average price of $79.87 and a 200 day moving average price of $76.16.

Tutor Perini (NYSE:TPC) last issued its quarterly 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 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%.Tutor Perini’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.06 per share. 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 (DPR) is currently 16.33%.

Insider Buying and Selling

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the 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. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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