Tutor Perini Corporation $TPC Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Tutor Perini Corporation (NYSE:TPC) by 274.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,438 shares of the construction company’s stock after purchasing an additional 223,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.58% of Tutor Perini worth $25,259,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TPC. Quarry LP raised its holdings in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. Federated Hermes Inc. grew its holdings in Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after acquiring an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP increased its position in shares of Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares during the last quarter. Finally, 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. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Finally, UBS Group lifted their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Tutor Perini Trading Down 0.8%

Shares of NYSE:TPC opened at $87.10 on Friday. The company has a market cap of $4.58 billion, a PE ratio of 37.54 and a beta of 2.06. The company’s 50-day moving average price is $85.60 and its 200 day moving average price is $80.98. 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 quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. Tutor Perini’s quarterly 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. Sell-side analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were issued a $0.09 dividend. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s dividend payout ratio is currently 15.52%.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Dale Reiss sold 13,400 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares in the company, valued at $60,039,416.43. This trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,507,609 shares of company stock worth $216,823,719 in the last three months. 15.40% of the stock is owned by company insiders.

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.