Tutor Perini Corporation $TPC Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in shares of Tutor Perini Corporation (NYSE:TPC) by 85.5% in the third quarter, Holdings Channel reports. The fund owned 3,100 shares of the construction company’s stock after selling 18,350 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tutor Perini were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPC. WINTON GROUP Ltd purchased a new stake in Tutor Perini during the second quarter valued at $600,000. Copeland Capital Management LLC purchased a new position in shares of Tutor Perini in the 3rd quarter worth $30,446,000. 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 worth $37,142,000 after buying an additional 204,878 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Tutor Perini in the 2nd quarter worth $3,085,000. Finally, Legal & General Group Plc bought a new stake in shares of Tutor Perini in the 2nd quarter worth about $3,358,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 value of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares of the company’s stock, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.40% of the stock is currently owned by company insiders.

Trending Headlines about Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record third-quarter results, with earnings of $1.83 per share versus the $1.34 consensus and revenue of $1.72 billion versus expectations of $1.63 billion. Revenue rose 21.5% year over year. Tutor Perini Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance. Reports also point to expanding margins, infrastructure demand and a substantial $20.4 billion backlog, reinforcing expectations for continued earnings growth. Q3 Earnings Call Highlights Higher Guidance and Backlog
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst confidence.
• Neutral Sentiment: Unusually high call-option trading—2,503 contracts versus an average of 153—may reflect bullish positioning, though options activity is speculative and does not guarantee future performance.
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3. The annualized yield is about 0.4%, a modest income component rather than a major growth catalyst. Quarterly Dividend Announcement

Analyst Ratings Changes

TPC has been the topic of several recent research reports. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. UBS Group increased their price target on shares of Tutor Perini from $105.00 to $107.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings lowered Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.00.

Tutor Perini Stock Performance

NYSE:TPC opened at $89.11 on Monday. The firm has a market capitalization of $4.68 billion, a PE ratio of 33.75 and a beta of 2.12. The stock’s fifty day moving average is $83.80 and its 200 day moving average is $81.54. Tutor Perini Corporation has a fifty-two week low of $57.90 and a fifty-two week high of $102.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.27 and a current ratio of 1.27.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.34 by $0.49. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. Tutor Perini had a net margin of 2.25% and a return on equity of 23.19%. Tutor Perini’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Tutor Perini Corporation will post 6.03 earnings per share for the current year.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Tutor Perini’s dividend payout ratio (DPR) is 13.64%.

About Tutor Perini

Tutor Perini Corporation is a construction company that provides general contracting, construction management, and design-build services. Its work spans civil infrastructure, building construction, and specialty contracting, with projects for public agencies and private-sector clients.

The company’s civil projects include transportation and infrastructure such as highways, bridges, tunnels, and transit systems. Its building work includes facilities for sectors such as healthcare, government, hospitality, and gaming, while its specialty contractors provide services including concrete, electrical, and mechanical construction.

Headquartered in Sylmar, California, Tutor Perini traces its roots to construction businesses founded in the late 19th and early 20th centuries.