Globeflex Capital L P Cuts Stock Holdings in Tutor Perini Corporation $TPC

Globeflex Capital L P decreased its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 34.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,959 shares of the construction company’s stock after selling 35,851 shares during the period. Globeflex Capital L P’s holdings in Tutor Perini were worth $5,169,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Tutor Perini by 31.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after acquiring an additional 148 shares during the period. State of Alaska Department of Revenue lifted its holdings in Tutor Perini by 5.8% in the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock valued at $207,000 after acquiring an additional 171 shares during the period. Quarry LP boosted its position in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Tutor Perini by 54.0% during 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 period. Finally, Allworth Financial LP grew its stake in shares of Tutor Perini by 71.4% during 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 period. 65.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction that occurred 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 sale, the director directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.40% of the stock is owned by company insiders.

Tutor Perini Stock Up 0.8%

Tutor Perini stock opened at $87.48 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 59.51 and a beta of 2.05. Tutor Perini Corporation has a fifty-two week low of $43.52 and a fifty-two week high of $100.00. The stock’s fifty day moving average is $76.90 and its two-hundred day moving average is $78.27.

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

Tutor Perini Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.06 per share. The ex-dividend date 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%.

Analyst Ratings Changes

Several analysts recently commented on TPC shares. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

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.