Sierra Summit Advisors LLC Takes $896,000 Position in Tutor Perini Corporation $TPC

Sierra Summit Advisors LLC bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 13,370 shares of the construction company’s stock, valued at approximately $896,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 86,874 shares during the period. First Trust Advisors LP increased its holdings in shares of Tutor Perini by 17.1% in the third 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 during the period. American Century Companies Inc. increased its holdings in shares of Tutor Perini by 19.2% in the third 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tutor Perini by 1.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock valued at $71,340,000 after purchasing an additional 10,898 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Tutor Perini by 18.7% in the third quarter. Millennium Management LLC now owns 824,821 shares of the construction company’s stock valued at $54,100,000 after purchasing an additional 129,941 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Trading Up 2.7%

Shares of TPC stock opened at $76.93 on Thursday. The business’s fifty day moving average price is $79.92 and its 200 day moving average price is $74.89. Tutor Perini Corporation has a 1-year low of $34.32 and a 1-year high of $100.00. The firm has a market capitalization of $4.05 billion, a PE ratio of 52.33 and a beta of 2.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28.

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

Tutor Perini Dividend Announcement

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

Analyst Ratings Changes

TPC has been the topic of a number of recent research reports. UBS Group boosted their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research 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, Tutor Perini currently has a consensus rating of “Hold” and a consensus target price of $86.50.

Insiders Place Their Bets

In other Tutor Perini news, Director Peter Arkley acquired 10,999 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $72.44 per share, with a total value of $796,767.56. Following the completion of the acquisition, the director directly owned 208,600 shares of the company’s stock, valued at approximately $15,110,984. The trade was a 5.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gary G. Smalley acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the acquisition, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 35,000 shares of company stock worth $2,556,404 in the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

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.