Inspire Investing LLC Makes New $1.80 Million Investment in Tutor Perini Corporation $TPC

Inspire Investing LLC purchased a new position in Tutor Perini Corporation (NYSE:TPC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,262 shares of the construction company’s stock, valued at approximately $1,796,000.

Other large investors have also made changes to their positions in the company. Comerica Bank lifted its holdings in Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after purchasing an additional 569 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Tutor Perini by 42.0% during the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after buying an additional 54,204 shares in the last quarter. Millennium Management LLC raised its position in shares of Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after buying an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tutor Perini by 13.6% in the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after buying an additional 69,489 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Tutor Perini during the second quarter valued at approximately $691,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated 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 directly owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 15.40% of the company’s stock.

Tutor Perini Price Performance

TPC opened at $82.97 on Wednesday. The company’s 50 day simple moving average is $79.44 and its 200 day simple moving average is $77.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. Tutor Perini Corporation has a 1 year low of $43.52 and a 1 year high of $100.00. The stock has a market capitalization of $4.37 billion, a PE ratio of 56.44 and a beta of 2.06.

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

Tutor Perini Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” 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.