OMERS ADMINISTRATION Corp Acquires 13,900 Shares of Tutor Perini Corporation $TPC

OMERS ADMINISTRATION Corp raised its holdings in shares of Tutor Perini Corporation (NYSE:TPC) by 177.8% during the first quarter, HoldingsChannel reports. The firm owned 21,718 shares of the construction company’s stock after purchasing an additional 13,900 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Tutor Perini were worth $1,676,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Tutor Perini by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after purchasing an additional 86,874 shares during the period. Dimensional Fund Advisors LP increased its holdings in Tutor Perini by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after buying an additional 12,573 shares during the period. First Trust Advisors LP increased its holdings in Tutor Perini by 32.7% during the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after buying an additional 334,632 shares during the period. Fred Alger Management LLC raised its stake in Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after buying an additional 353,744 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tutor Perini by 1.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after buying an additional 10,898 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Trading Down 6.4%

NYSE:TPC opened at $76.72 on Thursday. Tutor Perini Corporation has a 52 week low of $43.52 and a 52 week high of $100.00. The firm has a 50 day moving average of $77.47 and a 200 day moving average of $78.73. 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 stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 52.19 and a beta of 2.05.

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

Tutor Perini Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on TPC. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. 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. According to data from MarketBeat, Tutor Perini has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Insiders Place Their Bets

In related news, Director Robert C. Lieber sold 17,500 shares of the business’s 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 transaction, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. The trade was a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.40% of the stock is currently 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.