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

State of Wyoming bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the second quarter, HoldingsChannel reports. The institutional investor bought 8,727 shares of the construction company’s stock, valued at approximately $724,000.

A number of other large investors have also recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after acquiring an additional 569 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after acquiring an additional 54,204 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Tutor Perini by 165.2% during the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after acquiring an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after acquiring an additional 69,489 shares during the last quarter. Finally, Norges Bank purchased a new stake in Tutor Perini during the 2nd quarter worth about $691,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

NYSE TPC opened at $96.75 on Monday. The business’s 50-day moving average price is $81.97 and its 200 day moving average price is $80.17. 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 Corporation has a twelve month low of $53.83 and a twelve month high of $102.30. The company has a market capitalization of $5.09 billion, a PE ratio of 41.70 and a beta of 2.05.

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 company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The firm’s revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

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

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction on 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 transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 211,709 shares of company stock valued at $19,938,783 in the last ninety days. 15.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.