Convergence Investment Partners LLC Has $2.24 Million Stock Holdings in Tutor Perini Corporation $TPC

Convergence Investment Partners LLC boosted its position in Tutor Perini Corporation (NYSE:TPC) by 39.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,066 shares of the construction company’s stock after buying an additional 8,236 shares during the period. Convergence Investment Partners LLC owned approximately 0.06% of Tutor Perini worth $2,244,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TPC. Vanguard Group Inc. boosted its holdings in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after acquiring an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tutor Perini by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after acquiring an additional 12,573 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of Tutor Perini by 47.0% during the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after acquiring an additional 353,744 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tutor Perini by 1.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after purchasing an additional 10,898 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Tutor Perini by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,084,349 shares of the construction company’s stock worth $72,685,000 after purchasing an additional 31,467 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TPC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Tutor Perini Price Performance

TPC stock opened at $80.73 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day simple moving average of $76.68 and a two-hundred day simple moving average of $77.99. The company has a market capitalization of $4.25 billion, a P/E ratio of 54.92 and a beta of 2.05. Tutor Perini Corporation has a 52-week low of $43.52 and a 52-week high of $100.00.

Tutor Perini (NYSE:TPC) last issued 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. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Research analysts expect that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

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

Insider Buying and Selling

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 15.40% of the company’s stock.

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.