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

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

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Empowered Funds LLC increased its position in Tutor Perini by 3.2% during the first quarter. Empowered Funds LLC now owns 234,503 shares of the construction company’s stock worth $18,101,000 after acquiring an additional 7,283 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Tutor Perini by 4.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,274 shares of the construction company’s stock valued at $1,797,000 after purchasing an additional 1,090 shares during the period. Quantinno Capital Management LP boosted its holdings in Tutor Perini by 21.9% in the 1st quarter. Quantinno Capital Management LP now owns 4,619 shares of the construction company’s stock valued at $357,000 after purchasing an additional 829 shares during the period. SummitTX Capital L.P. acquired a new stake in Tutor Perini in the 1st quarter worth $883,000. Finally, Lazard Asset Management LLC grew its position in Tutor Perini by 11.4% in the 1st quarter. Lazard Asset Management LLC now owns 51,933 shares of the construction company’s stock worth $4,009,000 after purchasing an additional 5,320 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the firm’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 transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction that occurred on 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 sale, the director directly owned 6,700 shares in the company, valued at $650,235. The trade was a 96.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 15.40% of the company’s stock.

Tutor Perini Stock Up 0.4%

Shares of TPC stock opened at $97.24 on Tuesday. The stock has a market cap of $5.12 billion, a P/E ratio of 41.91 and a beta of 2.05. Tutor Perini Corporation has a one year low of $53.83 and a one year high of $102.30. The stock has a fifty day moving average price of $82.46 and a 200 day moving average price of $80.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

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

Tutor Perini Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on TPC shares. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tutor Perini currently has a consensus rating of “Hold” and a consensus target price of $105.00.

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.