Massachusetts Financial Services Co. MA Buys 39,295 Shares of Tutor Perini Corporation $TPC

Massachusetts Financial Services Co. MA raised its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,289 shares of the construction company’s stock after acquiring an additional 39,295 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Tutor Perini were worth $9,603,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in shares of Tutor Perini by 1.4% during the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after acquiring an additional 182 shares during the period. Quarry LP lifted its holdings in shares of Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after acquiring an additional 183 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Tutor Perini by 2.8% during the fourth quarter. Thompson Davis & CO. Inc. now owns 12,286 shares of the construction company’s stock valued at $823,000 after acquiring an additional 331 shares during the period. Savant Capital LLC lifted its holdings in shares of Tutor Perini by 6.0% during the third quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock valued at $399,000 after acquiring an additional 342 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Tutor Perini by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the construction company’s stock valued at $284,000 after acquiring an additional 358 shares during the period. 65.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TPC. UBS Group lifted their price objective on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.50.

Insider Transactions at Tutor Perini

In other Tutor Perini news, CEO Gary G. Smalley purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of $73.24 per share, with a total value of $732,400.00. Following the completion of the acquisition, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This represents a 12.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Arkley acquired 10,999 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $72.44 per share, with a total value of $796,767.56. Following the completion of the acquisition, the director directly owned 208,600 shares in the company, valued at approximately $15,110,984. The trade was a 5.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 35,000 shares of company stock valued at $2,556,404 over the last ninety days. 17.30% of the stock is currently owned by company insiders.

Tutor Perini Stock Performance

Tutor Perini stock opened at $84.38 on Friday. The stock has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $71.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $89.51. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 55.52 and a beta of 2.11.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted ($1.49) earnings per share. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Tutor Perini’s payout ratio is currently 15.79%.

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.