21,450 Shares in Tutor Perini Corporation $TPC Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,450 shares of the construction company’s stock, valued at approximately $1,780,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Tutor Perini in the second quarter valued at approximately $358,248,000. California State Teachers Retirement System increased its position in shares of Tutor Perini by 8,082.6% during the second quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock worth $356,620,000 after purchasing an additional 4,245,650 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Tutor Perini by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after purchasing an additional 12,573 shares during the last quarter. First Trust Advisors LP lifted its holdings in Tutor Perini by 32.7% in the 1st 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 in the last quarter. Finally, Fred Alger Management LLC boosted its stake 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. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPC has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. UBS Group lifted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.00.

Insider Activity

In related news, Director Sidney Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares of the company’s stock, valued at $650,235. This represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dale Reiss sold 13,400 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,507,609 shares of company stock valued at $216,823,719 over the last quarter. Corporate insiders own 15.40% of the company’s stock.

Tutor Perini Trading Up 3.3%

Shares of TPC stock opened at $89.07 on Friday. The business’s 50 day moving average is $86.63 and its two-hundred day moving average is $81.19. Tutor Perini Corporation has a twelve month low of $57.90 and a twelve month high of $102.30. The company has a market capitalization of $4.69 billion, a P/E ratio of 38.39 and a beta of 2.06. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping 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 business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue 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. Equities 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 was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were paid a $0.09 dividend. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date was 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 15.52%.

Tutor Perini Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its activities span civil, building, and specialty contracting, with projects delivered for public agencies, commercial owners, and institutional clients.

The company’s civil operations focus on major infrastructure, including highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and utility projects.