204,257 Shares in Tutor Perini Corporation $TPC Purchased by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in Tutor Perini Corporation (NYSE:TPC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 204,257 shares of the construction company’s stock, valued at approximately $15,767,000.

Several other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Tutor Perini by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company’s stock worth $26,665,000 after buying an additional 54,248 shares during the last quarter. Vanguard Group Inc. increased its holdings in Tutor Perini by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock worth $191,719,000 after buying an additional 103,799 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Tutor Perini by 73.6% during the fourth quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock worth $3,577,000 after buying an additional 22,631 shares during the last quarter. First Trust Advisors LP raised its position in Tutor Perini by 17.1% in the third quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after acquiring an additional 197,169 shares during the period. Finally, Integrated Quantitative Investments LLC raised its position in Tutor Perini by 138.8% in the third quarter. Integrated Quantitative Investments LLC now owns 24,780 shares of the construction company’s stock worth $1,625,000 after acquiring an additional 14,405 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $82.22 on Thursday. The firm has a market capitalization of $4.33 billion, a PE ratio of 55.93 and a beta of 2.06. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $79.74 and a two-hundred day moving average price of $76.73. Tutor Perini Corporation has a twelve month low of $43.52 and a twelve month high of $100.00.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s payout ratio is presently 16.33%.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, the director owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TPC shares. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. 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 report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.50.

Tutor Perini 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.