Tutor Perini Corporation $TPC Position Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 25.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,283 shares of the construction company’s stock after selling 10,056 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Tutor Perini worth $2,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TPC. Vanguard Group Inc. lifted its stake in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after buying an additional 86,874 shares during the last quarter. Fred Alger Management LLC grew its position in shares of Tutor Perini by 47.0% during the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after acquiring an additional 353,744 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Tutor Perini by 1.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after acquiring an additional 10,898 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tutor Perini by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,084,349 shares of the construction company’s stock worth $72,685,000 after acquiring an additional 31,467 shares during the period. Finally, State Street Corp increased its holdings in shares of Tutor Perini by 1.0% in the 4th quarter. State Street Corp now owns 1,018,311 shares of the construction company’s stock worth $68,247,000 after acquiring an additional 10,368 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TPC has been the subject of a number of analyst reports. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Tutor Perini Trading Up 0.9%

Tutor Perini stock opened at $75.51 on Thursday. Tutor Perini Corporation has a 12-month low of $43.52 and a 12-month high of $100.00. 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 stock has a market capitalization of $3.97 billion, a PE ratio of 51.37 and a beta of 2.05. The firm has a 50 day simple moving average of $78.43 and a 200-day simple moving average of $77.50.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate 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%.The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities research analysts expect that Tutor Perini Corporation will post 5.18 EPS 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 paid 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 payout ratio is currently 16.33%.

Insider Buying and Selling at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.