VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Tutor Perini Corporation $TPC

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Tutor Perini Corporation (NYSE:TPC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 21,450 shares of the construction company’s stock, valued at approximately $1,780,000.

Several other institutional investors have also modified their holdings of the company. Quarry LP grew its holdings in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. boosted its position in Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP increased its position in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

TPC has been the subject of a number of research reports. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group upped their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Dale Reiss sold 13,400 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the sale, the director owned 31,203 shares in the company, valued at $2,871,924.12. This represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the transaction, the chairman owned 701,477 shares of the company’s stock, valued at approximately $60,039,416.43. The trade was a 76.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,507,609 shares of company stock valued at $216,823,719 over the last three months. 15.40% of the stock is owned by insiders.

Tutor Perini Price Performance

TPC stock opened at $89.07 on Friday. The stock’s 50 day moving average is $86.63 and its two-hundred day moving average is $81.19. Tutor Perini Corporation has a 52-week low of $57.90 and a 52-week high of $102.30. The company has a market capitalization of $4.69 billion, a PE ratio of 38.39 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

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

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 19th. Tutor Perini’s payout ratio is 15.52%.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its activities span civil, building, and specialty contracting, with projects delivered for public agencies, commercial owners, and institutional clients.

The company’s civil operations focus on major infrastructure, including highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and utility projects.