9,423 Shares in Tutor Perini Corporation $TPC Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 9,423 shares of the construction company’s stock, valued at approximately $782,000.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in shares of Tutor Perini by 73.6% during the fourth quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock worth $3,577,000 after purchasing an additional 22,631 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in Tutor Perini in the 4th quarter valued at $896,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Tutor Perini in the 4th quarter valued at $875,000. Vanguard Group Inc. lifted its holdings in Tutor Perini by 3.0% in the 4th 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 in the last quarter. Finally, Bank of America Corp DE boosted its stake in Tutor Perini by 74.2% during the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company’s stock worth $37,142,000 after purchasing an additional 204,878 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tutor Perini news, Director Dale Anne Reiss sold 13,400 shares of Tutor Perini stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares of the company’s stock, valued at $2,871,924.12. The trade was a 30.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director owned 6,700 shares in the company, valued at $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TPC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Tutor Perini Stock Down 2.9%

NYSE:TPC opened at $89.32 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $85.12 and its two-hundred day moving average is $80.90. Tutor Perini Corporation has a 52 week low of $56.62 and a 52 week high of $102.30. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 38.50 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s 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. Research analysts anticipate that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently announced 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 is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.

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.