Royal Bank of Canada Has $2.24 Million Stock Holdings in Tutor Perini Corporation $TPC

Royal Bank of Canada trimmed its position in shares of Tutor Perini Corporation (NYSE:TPC) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,966 shares of the construction company’s stock after selling 5,487 shares during the period. Royal Bank of Canada owned about 0.06% of Tutor Perini worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TPC. GSA Capital Partners LLP lifted its holdings in shares of Tutor Perini by 73.6% during the 4th quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock valued at $3,577,000 after buying an additional 22,631 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tutor Perini in the fourth quarter worth approximately $875,000. Sierra Summit Advisors LLC bought a new position in Tutor Perini during the fourth quarter valued at approximately $896,000. Vanguard Group Inc. raised its position in Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after acquiring an additional 86,874 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Tutor Perini by 768.4% in the first quarter. Pictet Asset Management Holding SA now owns 60,858 shares of the construction company’s stock valued at $4,698,000 after acquiring an additional 53,850 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the completion of the sale, the director directly owned 6,700 shares in the company, 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 Stock Up 0.4%

TPC opened at $97.24 on Tuesday. The firm has a market cap of $5.12 billion, a P/E ratio of 41.91 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. The business has a 50 day moving average price of $82.46 and a 200 day moving average price of $80.31. Tutor Perini Corporation has a twelve month low of $53.83 and a twelve month high of $102.30.

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

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is 10.34%.

Wall Street Analysts Forecast Growth

TPC has been the subject of several recent research reports. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. 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 note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Finally, Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.00.

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.