Tutor Perini Corporation $TPC Position Lifted by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 3.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 234,503 shares of the construction company’s stock after purchasing an additional 7,283 shares during the quarter. Empowered Funds LLC’s holdings in Tutor Perini were worth $18,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after purchasing an additional 171 shares during the last quarter. Quarry LP grew its stake in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

TPC has been the topic of several research reports. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Tutor Perini Trading Down 4.3%

Shares of NYSE:TPC opened at $82.06 on Wednesday. The company has a market cap of $4.32 billion, a PE ratio of 55.82 and a beta of 2.05. The company’s 50-day moving average price is $77.48 and its 200 day moving average price is $78.68. Tutor Perini Corporation has a fifty-two week low of $43.52 and a fifty-two week high of $100.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.65 EPS. Tutor Perini’s revenue was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts anticipate that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Announces Dividend

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

Insider Transactions at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.40% of the stock is owned by company insiders.

About Tutor Perini

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.