Tutor Perini Corporation $TPC Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. boosted its stake in Tutor Perini Corporation (NYSE:TPC) by 60.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,783 shares of the construction company’s stock after acquiring an additional 22,568 shares during the quarter. Navellier & Associates Inc.’s holdings in Tutor Perini were worth $4,960,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Tutor Perini in the 2nd quarter worth $358,248,000. Vanguard Group Inc. increased its position in shares of Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after acquiring an additional 86,874 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 worth $133,697,000 after acquiring an additional 12,573 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock worth $104,893,000 after acquiring an additional 334,632 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in shares of 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 acquiring an additional 353,744 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity at Tutor Perini

In related news, Director Sidney J. Feltenstein sold 184,209 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director directly owned 6,700 shares of the company’s stock, valued at approximately $650,235. This represents a 96.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dale Anne Reiss sold 13,400 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, 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 SEC filing for this sale provides additional information. Corporate insiders own 15.40% of the company’s stock.

Tutor Perini Price Performance

TPC opened at $89.32 on Friday. The company has a market capitalization of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05. The company has a 50-day moving average of $85.12 and a 200-day moving average of $80.90. 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 Corporation has a 1-year low of $56.62 and a 1-year high of $102.30.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company earned $0.38 earnings per share. Tutor Perini’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. Equities analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a $0.09 dividend. 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 dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is presently 15.52%.

Analyst Ratings Changes

A number of research analysts recently commented on TPC shares. UBS Group increased their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.