Tutor Perini Corporation $TPC Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Tutor Perini Corporation (NYSE:TPC) by 66.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,557 shares of the construction company’s stock after purchasing an additional 98,557 shares during the period. BNP Paribas Financial Markets’ holdings in Tutor Perini were worth $16,524,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TPC. Comerica Bank increased its holdings in 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 purchasing an additional 569 shares in the last quarter. AQR Capital Management LLC increased its holdings in Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after purchasing an additional 54,204 shares in the last quarter. Millennium Management LLC increased its holdings in Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Tutor Perini by 13.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after purchasing an additional 69,489 shares in the last quarter. Finally, Norges Bank acquired a new stake in Tutor Perini in the 2nd quarter valued at $691,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Stock Performance

NYSE:TPC opened at $70.42 on Friday. 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 has a 50-day moving average of $80.29 and a two-hundred day moving average of $75.56. The stock has a market cap of $3.71 billion, a P/E ratio of 47.90 and a beta of 2.06. Tutor Perini Corporation has a 1-year low of $38.63 and a 1-year high of $100.00.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share 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 firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period 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, research analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.06 dividend. 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 is presently 16.33%.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were 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 of the company’s stock, valued at $11,259,537.60. This 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 insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TPC. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini 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.