Tutor Perini Corporation $TPC Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Tutor Perini Corporation (NYSE:TPC) by 212.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,702 shares of the construction company’s stock after buying an additional 6,599 shares during the period. State of Alaska Department of Revenue’s holdings in Tutor Perini were worth $799,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Tutor Perini by 26.8% in the third quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company’s stock valued at $66,000 after acquiring an additional 168 shares during the period. Krilogy Financial LLC grew its stake in shares of Tutor Perini by 7.5% in the third quarter. Krilogy Financial LLC now owns 3,475 shares of the construction company’s stock worth $290,000 after acquiring an additional 242 shares during the last quarter. GAMMA Investing LLC increased its position in Tutor Perini by 17.2% during the third quarter. GAMMA Investing LLC now owns 2,096 shares of the construction company’s stock worth $173,000 after acquiring an additional 307 shares during the period. State of Wyoming increased its position in Tutor Perini by 3.7% during the first quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock worth $760,000 after acquiring an additional 348 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Tutor Perini by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,571 shares of the construction company’s stock valued at $360,000 after purchasing an additional 471 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Tutor Perini from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, UBS Group upped 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Tutor Perini Stock Performance

NYSE:TPC opened at $76.82 on Friday. The firm has a market capitalization of $4.04 billion, a PE ratio of 33.11 and a beta of 2.06. 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 Corporation has a 12-month low of $57.90 and a 12-month high of $102.30. The firm has a 50-day moving average price of $85.96 and a 200 day moving average price of $82.94.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The company’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. Research analysts anticipate that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.5%. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is presently 15.52%.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares in the company, valued at $650,235. This represents a 96.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dale Reiss sold 13,400 shares of the company’s stock in a transaction on 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 $2,871,924.12. This trade represents a 30.04% 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 valued at $216,823,719 in the last 90 days. 15.40% of the stock is owned by corporate insiders.

Tutor Perini Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.