Quantbot Technologies LP Acquires New Position in Tutor Perini Corporation $TPC

Quantbot Technologies LP acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,244 shares of the construction company’s stock, valued at approximately $1,182,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Tutor Perini in the second quarter worth about $358,248,000. Vanguard Group Inc. lifted its stake in shares of Tutor Perini by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after buying an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tutor Perini by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock worth $133,697,000 after buying an additional 12,573 shares during the period. First Trust Advisors LP boosted its holdings in Tutor Perini by 32.7% in the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock worth $104,893,000 after buying an additional 334,632 shares during the period. Finally, Fred Alger Management LLC grew its stake in Tutor Perini by 47.0% in the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after buying an additional 353,744 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

TPC has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, UBS Group boosted their price objective on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.00.

Tutor Perini Stock Down 1.3%

TPC opened at $87.20 on Wednesday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 37.59 and a beta of 2.05. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30. The company has a fifty day moving average price of $84.40 and a 200-day moving average price of $80.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Equities research analysts expect that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is 15.52%.

Insider Buying and Selling at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini 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 completion of the sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.40% of the stock is currently owned by 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.