Hsbc Holdings PLC Trims Stock Position in Tutor Perini Corporation $TPC

Hsbc Holdings PLC trimmed its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 27.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,908 shares of the construction company’s stock after selling 11,567 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Tutor Perini worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue grew its position in Tutor Perini by 5.8% in the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock valued at $207,000 after buying an additional 171 shares during the last quarter. Quarry LP grew its position in Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after buying an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after buying an additional 188 shares during the period. Finally, Allworth Financial LP raised its position 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 last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Stock Down 1.4%

Shares of NYSE TPC opened at $86.39 on Friday. The firm has a 50-day moving average price of $77.13 and a 200 day moving average price of $78.46. Tutor Perini Corporation has a 52 week low of $43.52 and a 52 week high of $100.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 58.77 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data 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 business had revenue of $1.39 billion for 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%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities research analysts anticipate that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tutor Perini currently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Buying and Selling at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction 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 sale, the director owned 149,410 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 15.40% of the stock is currently owned by corporate insiders.

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.