Tutor Perini Corporation $TPC Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 27.9% during the first quarter, HoldingsChannel.com reports. The firm owned 29,908 shares of the construction company’s stock after selling 11,567 shares during the period. Hsbc Holdings PLC’s holdings in Tutor Perini were worth $2,287,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP grew its stake in shares of Tutor Perini by 74.7% during the 3rd 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 period. Federated Hermes Inc. raised its position in shares of Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after buying an additional 357 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after acquiring an additional 188 shares during the last quarter. Allworth Financial LP boosted its holdings in Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after acquiring an additional 252 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the business’s 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 transaction, the director directly owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 15.40% of the company’s stock.

Tutor Perini Stock Down 1.4%

Shares of Tutor Perini stock opened at $86.39 on Friday. The company has a fifty day moving average price of $77.13 and a 200 day moving average price of $78.46. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a twelve month low of $43.52 and a twelve month high of $100.00. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 58.77 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating 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 firm earned $0.65 EPS. The firm’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. Equities research analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.06 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is 16.33%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TPC. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tutor Perini has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

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.