8,727 Shares in Tutor Perini Corporation $TPC Bought by State of Wyoming

State of Wyoming acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,727 shares of the construction company’s stock, valued at approximately $724,000.

A number of other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in shares of Tutor Perini by 73.6% during the fourth quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock worth $3,577,000 after buying an additional 22,631 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in Tutor Perini during the 4th quarter valued at approximately $896,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Tutor Perini during the 4th quarter worth approximately $875,000. Vanguard Group Inc. grew its stake in shares of Tutor Perini by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after purchasing an additional 86,874 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Tutor Perini by 74.2% in the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company’s stock valued at $37,142,000 after purchasing an additional 204,878 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Stock Performance

NYSE TPC opened at $96.75 on Monday. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 41.70 and a beta of 2.05. The business’s 50 day moving average is $81.97 and its two-hundred day moving average is $80.17. Tutor Perini Corporation has a 12-month low of $53.83 and a 12-month high of $102.30. 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 posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating 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 period last year, the firm earned $0.38 EPS. 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. Research analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Tutor Perini

In related 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 value of $1,318,800.00. Following the completion of the sale, 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 the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,709 shares of company stock worth $19,938,783 over the last 90 days. 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.