Geode Capital Management LLC Acquires 31,467 Shares of Tutor Perini Corporation $TPC

Geode Capital Management LLC boosted its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,084,349 shares of the construction company’s stock after acquiring an additional 31,467 shares during the quarter. Geode Capital Management LLC’s holdings in Tutor Perini were worth $72,685,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TPC. SG Americas Securities LLC grew its holdings in Tutor Perini by 11,487.7% during the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock worth $24,533,000 after acquiring an additional 362,895 shares during the last quarter. Millennium Management LLC grew its holdings in Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after acquiring an additional 238,933 shares during the last quarter. M&G PLC acquired a new position in shares of Tutor Perini in the 3rd quarter worth approximately $15,658,000. Cubist Systematic Strategies LLC lifted its position in shares of Tutor Perini by 397.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock worth $13,663,000 after purchasing an additional 233,335 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Tutor Perini by 243.1% in the 3rd quarter. Marshall Wace LLP now owns 287,025 shares of the construction company’s stock worth $18,826,000 after purchasing an additional 203,378 shares during the period. 65.01% of the stock is owned by institutional investors.

Tutor Perini Stock Up 2.6%

Shares of NYSE TPC opened at $72.34 on Tuesday. The company has a market capitalization of $3.81 billion, a P/E ratio of 49.21 and a beta of 2.06. Tutor Perini Corporation has a 52-week low of $39.44 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50 day moving average price is $80.21 and its 200-day moving average price is $75.77.

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

Tutor Perini Dividend Announcement

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

Insider Activity

In related news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction on 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 transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. UBS Group boosted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.