VIRGINIA RETIREMENT SYSTEMS ET Al Sells 18,350 Shares of Tutor Perini Corporation $TPC

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Tutor Perini Corporation (NYSE:TPC) by 85.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,100 shares of the construction company’s stock after selling 18,350 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tutor Perini were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TPC. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Tutor Perini during the 3rd quarter valued at about $136,000. Asset Management One Co. Ltd. lifted its holdings in Tutor Perini by 7.7% during the third quarter. Asset Management One Co. Ltd. now owns 50,278 shares of the construction company’s stock valued at $4,149,000 after purchasing an additional 3,593 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Tutor Perini by 12.8% during the third quarter. Park Avenue Securities LLC now owns 17,354 shares of the construction company’s stock valued at $1,432,000 after purchasing an additional 1,975 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in shares of Tutor Perini by 7.6% in the third quarter. Samalin Investment Counsel LLC now owns 3,544 shares of the construction company’s stock worth $292,000 after purchasing an additional 251 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Tutor Perini in the third quarter worth approximately $2,406,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

More Tutor Perini News

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record third-quarter results, with earnings of $1.83 per share versus the $1.34 consensus and revenue of $1.72 billion versus expectations of $1.63 billion. Revenue rose 21.5% year over year. Tutor Perini Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance. Reports also point to expanding margins, infrastructure demand and a substantial $20.4 billion backlog, reinforcing expectations for continued earnings growth. Q3 Earnings Call Highlights Higher Guidance and Backlog
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst confidence.
• Neutral Sentiment: Unusually high call-option trading—2,503 contracts versus an average of 153—may reflect bullish positioning, though options activity is speculative and does not guarantee future performance.
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3. The annualized yield is about 0.4%, a modest income component rather than a major growth catalyst. Quarterly Dividend Announcement

Insider Activity

In other news, Director Dale Reiss sold 13,400 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director owned 31,203 shares in the company, valued at $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the sale, the chairman directly owned 701,477 shares in the company, valued at $60,039,416.43. This trade represents a 76.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 15.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Tutor Perini from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings lowered Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.00.

Tutor Perini Trading Down 0.9%

Shares of TPC opened at $89.11 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.27 and a quick ratio of 1.27. Tutor Perini Corporation has a 1 year low of $57.90 and a 1 year high of $102.30. The company has a 50 day simple moving average of $83.80 and a two-hundred day simple moving average of $81.54. The firm has a market cap of $4.68 billion, a P/E ratio of 33.75 and a beta of 2.12.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 4th. The construction company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.34 by $0.49. Tutor Perini had a net margin of 2.25% and a return on equity of 23.19%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities analysts expect that Tutor Perini Corporation will post 6.03 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.09 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.36 annualized dividend and a yield of 0.4%. Tutor Perini’s payout ratio is presently 13.64%.

About Tutor Perini

Tutor Perini Corporation is a construction company that provides general contracting, construction management, and design-build services. Its work spans civil infrastructure, building construction, and specialty contracting, with projects for public agencies and private-sector clients.

The company’s civil projects include transportation and infrastructure such as highways, bridges, tunnels, and transit systems. Its building work includes facilities for sectors such as healthcare, government, hospitality, and gaming, while its specialty contractors provide services including concrete, electrical, and mechanical construction.

Headquartered in Sylmar, California, Tutor Perini traces its roots to construction businesses founded in the late 19th and early 20th centuries.