Tutor Perini Corporation $TPC Stock Holdings Decreased by JB Capital Partners LP

JB Capital Partners LP reduced its stake in Tutor Perini Corporation (NYSE:TPC) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 719,554 shares of the construction company’s stock after selling 175,000 shares during the period. Tutor Perini makes up about 8.0% of JB Capital Partners LP’s holdings, making the stock its 3rd largest holding. JB Capital Partners LP’s holdings in Tutor Perini were worth $47,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPC. Vanguard Group Inc. grew its stake in Tutor Perini by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock worth $191,719,000 after purchasing an additional 103,799 shares in the last quarter. First Trust Advisors LP raised its position in Tutor Perini by 17.1% in the 3rd quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock valued at $88,572,000 after purchasing an additional 197,169 shares in the last quarter. American Century Companies Inc. raised its position in Tutor Perini by 19.2% in the 3rd quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock valued at $77,356,000 after purchasing an additional 189,768 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Tutor Perini by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock valued at $49,094,000 after buying an additional 22,210 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Tutor Perini by 209.4% during the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock worth $47,251,000 after buying an additional 487,529 shares in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gary G. Smalley acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the transaction, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Arkley bought 8,117 shares of Tutor Perini stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $73.02 per share, for a total transaction of $592,703.34. Following the purchase, the director owned 216,717 shares in the company, valued at $15,824,675.34. This represents a 3.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 35,000 shares of company stock worth $2,556,404 in the last ninety days. Insiders own 17.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TPC. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. UBS Group upped their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Tutor Perini presently has an average rating of “Hold” and a consensus price target of $86.50.

Tutor Perini Trading Down 2.0%

Shares of TPC stock opened at $67.82 on Monday. The business’s fifty day moving average price is $77.45 and its 200 day moving average price is $69.39. The firm has a market capitalization of $3.58 billion, a PE ratio of 44.62 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.51.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period last year, the firm earned ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Tutor Perini’s dividend payout ratio is 15.79%.

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.