Assenagon Asset Management S.A. Has $600,000 Stock Position in Tutor Perini Corporation $TPC

Assenagon Asset Management S.A. reduced its position in shares of Tutor Perini Corporation (NYSE:TPC) by 47.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,768 shares of the construction company’s stock after selling 7,128 shares during the period. Assenagon Asset Management S.A.’s holdings in Tutor Perini were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares during the last quarter. Federated Hermes Inc. grew its holdings 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 buying an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 188 shares during the last quarter. 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 worth $41,000 after buying an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after buying an additional 148 shares during the period. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TPC. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One research 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. According to MarketBeat.com, Tutor Perini presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Insider Buying and Selling

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s 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 sale, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.40% of the stock is currently owned by corporate insiders.

Tutor Perini Stock Down 3.5%

TPC opened at $76.69 on Friday. The company has a market capitalization of $4.04 billion, a P/E ratio of 52.17 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s fifty day moving average price is $79.18 and its two-hundred day moving average price is $77.24. Tutor Perini Corporation has a fifty-two week low of $43.52 and a fifty-two week high of $100.00.

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

Tutor Perini Dividend Announcement

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

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.