Westend Capital Management LLC Sells 7,350 Shares of Tutor Perini Corporation $TPC

Westend Capital Management LLC lowered its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 50.5% in the 4th quarter, HoldingsChannel reports. The firm owned 7,218 shares of the construction company’s stock after selling 7,350 shares during the quarter. Westend Capital Management LLC’s holdings in Tutor Perini were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TPC. First Trust Advisors LP grew its holdings in Tutor Perini by 4,166.1% during the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock valued at $53,947,000 after purchasing an additional 1,126,182 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Tutor Perini by 209.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock valued at $47,251,000 after buying an additional 487,529 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tutor Perini by 11,487.7% during the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock valued at $24,533,000 after buying an additional 362,895 shares during the last quarter. Millennium Management LLC grew its stake in shares of Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after acquiring an additional 238,933 shares during the period. Finally, M&G PLC purchased a new stake in Tutor Perini in the 3rd quarter worth about $15,658,000. Institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. UBS Group lifted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.50.

Insider Transactions at Tutor Perini

In other Tutor Perini news, CEO Gary G. Smalley purchased 10,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $73.24 per share, with a total value of $732,400.00. Following the acquisition, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Arkley purchased 10,999 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $72.44 per share, with a total value of $796,767.56. Following the transaction, the director owned 208,600 shares in the company, valued at approximately $15,110,984. The trade was a 5.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 35,000 shares of company stock worth $2,556,404 over the last 90 days. Corporate insiders own 17.30% of the company’s stock.

Tutor Perini Stock Performance

Tutor Perini stock opened at $72.94 on Tuesday. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.85 billion, a PE ratio of 47.98 and a beta of 2.23. The firm’s 50 day simple moving average is $77.53 and its 200 day simple moving average is $70.37.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.92 by $0.15. The firm 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 business’s quarterly revenue was up 41.2% compared to the same quarter last year. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 10th. Tutor Perini’s dividend payout ratio is currently 15.79%.

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.