Hsbc Holdings PLC Acquires New Shares in Tutor Perini Corporation $TPC

Hsbc Holdings PLC acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the second quarter, HoldingsChannel.com reports. The firm acquired 28,485 shares of the construction company’s stock, valued at approximately $2,370,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Quarry LP lifted its stake 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 buying an additional 183 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after acquiring an additional 188 shares during the last quarter. Allworth Financial LP grew its position in shares of Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after acquiring an additional 252 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings 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 worth $42,000 after acquiring an additional 148 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Dale Anne Reiss sold 13,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the sale, the director directly owned 31,203 shares in the company, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares of the company’s stock, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 15.40% of the company’s stock.

Tutor Perini Trading Up 0.5%

NYSE:TPC opened at $89.32 on Monday. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 38.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. Tutor Perini Corporation has a 1 year low of $56.62 and a 1 year high of $102.30. The business has a fifty day moving average of $85.12 and a 200-day moving average of $80.88.

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

Tutor Perini Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.00.

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.