Hillsdale Investment Management Inc. Has $7.98 Million Position in Tutor Perini Corporation $TPC

Hillsdale Investment Management Inc. lessened its holdings in Tutor Perini Corporation (NYSE:TPC) by 9.8% during the first quarter, Holdings Channel reports. The fund owned 103,330 shares of the construction company’s stock after selling 11,220 shares during the period. Hillsdale Investment Management Inc.’s holdings in Tutor Perini were worth $7,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Tutor Perini by 5.8% during the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after buying an additional 171 shares during the last quarter. Quarry LP lifted its stake in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after buying an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after buying an additional 188 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Down 1.6%

TPC stock opened at $74.70 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 50.82 and a beta of 2.05. The business’s fifty day moving average price is $77.62 and its two-hundred day moving average price is $77.62. Tutor Perini Corporation has a fifty-two week low of $43.52 and a fifty-two week high of $100.00.

Tutor Perini (NYSE:TPC) last posted its earnings results 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. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, equities analysts anticipate that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

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

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Tutor Perini currently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.