OMERS ADMINISTRATION Corp Purchases New Shares in Tutor Perini Corporation $TPC

OMERS ADMINISTRATION Corp acquired a new stake in Tutor Perini Corporation (NYSE:TPC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,618 shares of the construction company’s stock, valued at approximately $1,960,000.

A number of other large investors have also modified their holdings of the company. Comerica Bank grew its position in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares during the period. AQR Capital Management LLC raised its holdings in Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after purchasing an additional 54,204 shares during the period. Millennium Management LLC boosted its position in Tutor Perini by 165.2% during the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Tutor Perini by 13.6% in the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after purchasing an additional 69,489 shares during the period. Finally, Norges Bank acquired a new stake in Tutor Perini in the second quarter valued at approximately $691,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, UBS Group increased their target price on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.00.

Tutor Perini Trading Up 1.4%

TPC opened at $88.59 on Thursday. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30. The business’s 50 day moving average price is $84.61 and its 200 day moving average price is $80.78. The stock has a market capitalization of $4.66 billion, a PE ratio of 38.19 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date is 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 (DPR) is 15.52%.

Insiders Place Their Bets

In other news, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.40% of the stock is currently owned by corporate insiders.

About Tutor Perini

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.