JPMorgan Chase & Co. Acquires 54,248 Shares of Tutor Perini Corporation $TPC

JPMorgan Chase & Co. raised its holdings in Tutor Perini Corporation (NYSE:TPC) by 15.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 406,546 shares of the construction company’s stock after buying an additional 54,248 shares during the quarter. JPMorgan Chase & Co.’s holdings in Tutor Perini were worth $26,665,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after acquiring an additional 426 shares during the period. Comerica Bank raised 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 worth $56,000 after purchasing an additional 569 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Tutor Perini in the 3rd quarter worth about $90,000. State of Alaska Department of Revenue purchased a new stake in Tutor Perini in the third quarter worth about $192,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Tutor Perini in the 3rd quarter valued at approximately $204,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TPC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. UBS Group raised their price objective on Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $80.50.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $75.26 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 49.52 and a beta of 2.21. The business has a 50-day simple moving average of $76.93 and a two-hundred day simple moving average of $68.36. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $89.51.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a net margin of 1.45% and a return on equity of 18.15%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted ($1.49) earnings per share. The business’s revenue for the quarter was up 41.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s payout ratio is currently -45.28%.

More Tutor Perini News

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Q4 outperformance — Tutor Perini reported $1.07 EPS vs. $0.92 expected and revenue of $1.51B (up 41.2% YoY), driven by record revenue growth. These results show strong top‑line momentum. Earnings Press Release
• Positive Sentiment: Raised FY‑2026 guidance — Management set EPS guidance of $4.90–$5.30, modestly above consensus (4.78), signaling confidence in 2026 execution and continuing backlog conversion. Guidance Detail
• Positive Sentiment: Management commentary / call highlights emphasize strategic growth and record revenue trends, reinforcing the beat and guidance narrative. Call Highlights
• Neutral Sentiment: Dividend declared — Tutor Perini declared a $0.06 quarterly dividend (annualized yield ~0.3%; ex‑div March 10), a small signal of cash return but not likely a material driver for the stock.
• Neutral Sentiment: Earnings call transcript is available for deeper read — investors can review management’s details on margins, backlog and assumptions. Earnings Transcript
• Negative Sentiment: Market reaction / profit‑taking — Despite the beat and raised guidance, the stock sold off sharply. Commentary and analysis note the decline may reflect profit‑taking after a recent run, elevated intraday volume, and the stock’s high beta (volatility), rather than a fundamental reversal. Why Did Tutor Perini Stock Drop Today?
• Negative Sentiment: Remaining concerns — Some investors may be focusing on provision/margin dynamics (reported negative net margin on a GAAP basis) and the company’s historical earnings variability; these issues can temper enthusiasm and amplify volatility. Financial Details

About Tutor Perini

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.