Tutor Perini Corporation $TPC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Tutor Perini Corporation (NYSE:TPC) by 84.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,034 shares of the construction company’s stock after selling 66,896 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Tutor Perini were worth $807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Tutor Perini by 968.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after purchasing an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 188 shares during the last quarter. Allworth Financial LP boosted its holdings in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Tutor Perini by 2,085.3% in the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock valued at $50,000 after purchasing an additional 709 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, UBS Group boosted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.50.

Tutor Perini Price Performance

Shares of TPC opened at $68.87 on Thursday. Tutor Perini Corporation has a fifty-two week low of $40.42 and a fifty-two week high of $100.00. The firm’s 50 day moving average price is $80.04 and its 200 day moving average price is $75.91. The company has a market cap of $3.62 billion, a P/E ratio of 46.85 and a beta of 2.06. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31.

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

Tutor Perini Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend 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%.

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.