Tutor Perini Corporation $TPC Shares Sold by CSM Advisors LLC

CSM Advisors LLC decreased its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 41.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 59,835 shares of the construction company’s stock after selling 41,518 shares during the quarter. CSM Advisors LLC’s holdings in Tutor Perini were worth $3,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in Tutor Perini by 4,166.1% in the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock valued at $53,947,000 after purchasing an additional 1,126,182 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Tutor Perini by 438.4% during the 2nd quarter. Prudential Financial Inc. now owns 610,720 shares of the construction company’s stock worth $28,569,000 after buying an additional 497,296 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Tutor Perini by 209.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock valued at $47,251,000 after buying an additional 487,529 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after buying an additional 238,933 shares in the last quarter. Finally, M&G PLC purchased a new position in shares of Tutor Perini in the 3rd quarter valued at $15,658,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Tutor Perini Stock Down 2.0%

Shares of NYSE:TPC opened at $67.82 on Monday. The stock has a market cap of $3.58 billion, a P/E ratio of 44.62 and a beta of 2.23. The firm has a fifty day moving average price of $77.45 and a 200 day moving average price of $69.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.51.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted ($1.49) earnings per share. Tutor Perini’s quarterly revenue was up 41.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Insider Activity

In related news, Director Peter Arkley acquired 10,999 shares of Tutor Perini stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of $72.44 per share, with a total value of $796,767.56. Following the purchase, the director directly owned 208,600 shares in the company, valued at approximately $15,110,984. The trade was a 5.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary G. Smalley acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $73.24 per share, with a total value of $732,400.00. Following the completion of the transaction, the chief executive officer directly owned 91,479 shares in the company, valued at $6,699,921.96. This trade represents a 12.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 35,000 shares of company stock worth $2,556,404 in the last 90 days. 17.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TPC. UBS Group lifted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two equities 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 data from MarketBeat, Tutor Perini has a consensus rating of “Hold” and an average price target of $86.50.

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.