SG Americas Securities LLC Acquires 212,461 Shares of Tutor Perini Corporation $TPC

SG Americas Securities LLC lifted its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 58.0% during the first quarter, Holdings Channel.com reports. The firm owned 578,515 shares of the construction company’s stock after acquiring an additional 212,461 shares during the quarter. SG Americas Securities LLC’s holdings in Tutor Perini were worth $44,656,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its holdings in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during the period. Federated Hermes Inc. raised its position in Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in 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 period. Allworth Financial LP lifted its holdings in 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. Finally, Smartleaf Asset Management LLC grew its position in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after buying an additional 148 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, UBS Group increased their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.50.

Insider Buying and Selling

In related news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction 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. This trade represents a 10.48% decrease in their ownership of the stock. 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 corporate insiders.

Tutor Perini Price Performance

TPC stock opened at $81.46 on Tuesday. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 55.41 and a beta of 2.06. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a 12-month low of $41.99 and a 12-month high of $100.00. The company’s fifty day simple moving average is $79.82 and its 200 day simple moving average is $76.55.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Announces Dividend

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

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.