Legal & General Group Plc Acquires Shares of 40,467 Tutor Perini Corporation $TPC

Legal & General Group Plc purchased a new stake in Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,467 shares of the construction company’s stock, valued at approximately $3,358,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Tutor Perini by 31.5% in the 4th 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. Quarry LP grew its holdings in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during 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, State of Wyoming boosted its position in shares of Tutor Perini by 3.7% in the 1st quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock worth $760,000 after buying an additional 348 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. UBS Group raised their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. 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 company. Based on data from MarketBeat.com, Tutor Perini currently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Insider Buying and Selling at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the transaction, the director directly owned 6,700 shares in the company, valued at $650,235. This represents a 96.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dale Reiss sold 13,400 shares of the firm’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 completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders sold 2,507,609 shares of company stock worth $216,823,719 in the last 90 days. 15.40% of the stock is owned by company insiders.

Tutor Perini Stock Up 1.1%

Shares of NYSE TPC opened at $88.25 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of 38.04 and a beta of 2.06. 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 $57.90 and a 1 year high of $102.30. The firm’s 50 day moving average price is $85.77 and its 200 day moving average price is $81.03.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, sell-side analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio is 15.52%.

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.