Quadrature Capital Ltd Makes New $569,000 Investment in Tutor Perini Corporation $TPC

Quadrature Capital Ltd bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,176 shares of the construction company’s stock, valued at approximately $569,000.

Several other large investors have also modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of Tutor Perini during the first quarter worth $54,000. Comerica Bank raised its position in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the last quarter. AlphaQuest LLC raised its position in Tutor Perini by 849.2% during the 1st quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock worth $80,000 after buying an additional 3,074 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Tutor Perini in the 2nd quarter worth $145,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Tutor Perini in the first quarter valued at about $200,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $66.37 on Tuesday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -26.34 and a beta of 1.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 1.32. The business’s 50 day simple moving average is $64.44 and its 200-day simple moving average is $54.52. Tutor Perini Corporation has a 12 month low of $18.33 and a 12 month high of $77.00.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.Tutor Perini’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the business posted ($1.92) EPS. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Tutor Perini’s payout ratio is -45.28%.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, CEO Gary G. Smalley bought 5,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average price of $61.08 per share, for a total transaction of $305,400.00. Following the completion of the transaction, the chief executive officer owned 118,075 shares in the company, valued at approximately $7,212,021. The trade was a 4.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Arkley purchased 15,147 shares of Tutor Perini stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $64.39 per share, for a total transaction of $975,315.33. Following the acquisition, the director directly owned 191,717 shares of the company’s stock, valued at approximately $12,344,657.63. This represents a 8.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 45,000 shares of company stock valued at $2,870,313 and have sold 369,312 shares valued at $23,767,545. Corporate insiders own 17.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TPC. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group increased their target price on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. B. Riley reissued a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.33.

Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.