Verus Capital Partners LLC Lowers Stock Position in Tutor Perini Corporation $TPC

Verus Capital Partners LLC trimmed its holdings in Tutor Perini Corporation (NYSE:TPC) by 63.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,064 shares of the construction company’s stock after selling 111,035 shares during the quarter. Verus Capital Partners LLC’s holdings in Tutor Perini were worth $4,945,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TPC. Principal Financial Group Inc. purchased a new stake in Tutor Perini in the 1st quarter valued at $59,754,000. Gendell Jeffrey L grew its position in Tutor Perini by 95.0% during the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after purchasing an additional 433,559 shares during the last quarter. Fred Alger Management LLC grew its position in Tutor Perini by 47.0% during the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after purchasing an additional 353,744 shares during the last quarter. First Trust Advisors LP increased its stake in Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after purchasing an additional 334,632 shares during the period. Finally, Millennium Management LLC increased its stake in Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

Tutor Perini Price Performance

Shares of NYSE TPC opened at $83.44 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day moving average price of $77.85 and a 200 day moving average price of $78.85. Tutor Perini Corporation has a 1-year low of $43.52 and a 1-year high of $100.00. The company has a market cap of $4.39 billion, a PE ratio of 56.77 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. Tutor Perini’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Announces Dividend

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

Insider Buying and Selling at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the 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 transaction, the director directly owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 15.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two 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.com, the company currently has an average rating of “Hold” and an average target price of $86.50.

Tutor Perini Company 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.