Hillsdale Investment Management Inc. Grows Stock Holdings in Tutor Perini Corporation $TPC

Hillsdale Investment Management Inc. boosted its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 69.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 114,550 shares of the construction company’s stock after buying an additional 47,100 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Tutor Perini were worth $7,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP raised its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Tutor Perini by 968.2% during the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after acquiring an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 raised its position in 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, Farther Finance Advisors LLC raised its position in Tutor Perini by 2,085.3% during the fourth quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock worth $50,000 after acquiring an additional 709 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini Stock Performance

Shares of TPC opened at $71.35 on Friday. 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 company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 48.54 and a beta of 2.18. The company’s 50 day simple moving average is $80.36 and its 200 day simple moving average is $75.17. Tutor Perini Corporation has a 1 year low of $36.22 and a 1 year high of $100.00.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. Tutor Perini’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, sell-side analysts predict that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Tutor Perini’s payout ratio is presently 16.33%.

Insiders Place Their Bets

In other news, Director Peter Arkley bought 8,117 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $73.02 per share, with a total value of $592,703.34. Following the purchase, the director owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. The trade was a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 35,000 shares of company stock valued at $2,556,404. Company 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.