Tutor Perini Corporation $TPC Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. cut its position in Tutor Perini Corporation (NYSE:TPC) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 222,152 shares of the construction company’s stock after selling 13,249 shares during the period. Pinnacle Associates Ltd.’s holdings in Tutor Perini were worth $14,889,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after acquiring an additional 171 shares during the period. Arizona State Retirement System grew its holdings in Tutor Perini by 1.4% during the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock worth $869,000 after acquiring an additional 182 shares during the period. Quarry LP grew its holdings in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the period. Allworth Financial LP grew its holdings in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after acquiring an additional 252 shares during the period. Finally, Thompson Davis & CO. Inc. grew its holdings in Tutor Perini by 2.8% during the fourth quarter. Thompson Davis & CO. Inc. now owns 12,286 shares of the construction company’s stock worth $823,000 after acquiring an additional 331 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on TPC shares. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, UBS Group raised their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.50.

Insider Activity at Tutor Perini

In other Tutor Perini news, CEO Gary G. Smalley acquired 10,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $73.24 per share, with a total value of $732,400.00. Following the completion of the acquisition, the chief executive officer owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Arkley bought 8,117 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the transaction, the director owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. This represents a 3.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 35,000 shares of company stock worth $2,556,404. 15.40% of the stock is owned by corporate insiders.

Tutor Perini Stock Down 2.5%

Shares of TPC opened at $80.60 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a 12 month low of $34.32 and a 12 month high of $100.00. The stock’s 50 day moving average is $79.30 and its two-hundred day moving average is $74.56. The firm has a market cap of $4.24 billion, a P/E ratio of 54.83 and a beta of 2.18.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.65 earnings per share. Tutor Perini’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Tutor Perini’s dividend payout ratio (DPR) is presently 16.33%.

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.