NFJ Investment Group LLC Purchases New Shares in Tutor Perini Corporation $TPC

NFJ Investment Group LLC acquired a new position in Tutor Perini Corporation (NYSE:TPC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 115,306 shares of the construction company’s stock, valued at approximately $9,567,000. NFJ Investment Group LLC owned approximately 0.22% of Tutor Perini as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in shares of Tutor Perini during the 2nd quarter worth approximately $49,000. Abacus FCF Advisors LLC bought a new position in shares of Tutor Perini in the second quarter valued at approximately $6,158,000. Meeder Asset Management Inc. bought a new position in shares of Tutor Perini in the second quarter valued at approximately $99,000. BlackRock Inc. purchased a new stake in shares of Tutor Perini during the second quarter valued at approximately $358,248,000. Finally, Deutsche Bank AG purchased a new stake in shares of Tutor Perini during the second quarter valued at approximately $4,067,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Activity

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.40% of the stock is owned by company insiders.

Tutor Perini Stock Down 0.3%

TPC opened at $90.05 on Friday. Tutor Perini Corporation has a 12 month low of $55.78 and a 12 month high of $102.30. The company has a market cap of $4.74 billion, a PE ratio of 38.81 and a beta of 2.05. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $83.62 and a 200 day moving average of $80.54.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, sell-side analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s payout ratio is currently 15.52%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TPC shares. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, UBS Group raised their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.00.

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.