Bridgeway Capital Management LLC Sells 41,733 Shares of Tutor Perini Corporation $TPC

Bridgeway Capital Management LLC trimmed its position in shares of Tutor Perini Corporation (NYSE:TPC) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,076 shares of the construction company’s stock after selling 41,733 shares during the period. Bridgeway Capital Management LLC’s holdings in Tutor Perini were worth $23,596,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Tutor Perini by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company’s stock valued at $26,665,000 after acquiring an additional 54,248 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in Tutor Perini by 491.0% during the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company’s stock valued at $3,223,000 after acquiring an additional 40,824 shares during the period. Vanguard Group Inc. boosted its holdings in Tutor Perini by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock valued at $191,719,000 after acquiring an additional 103,799 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Tutor Perini by 39,576.5% during the third quarter. Hillsdale Investment Management Inc. now owns 67,450 shares of the construction company’s stock valued at $4,424,000 after acquiring an additional 67,280 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Tutor Perini by 73.6% in the fourth quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock valued at $3,577,000 after buying an additional 22,631 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Insider Transactions at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the transaction, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.40% of the stock is owned by company insiders.

Tutor Perini Stock Up 2.2%

NYSE TPC opened at $77.90 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50-day simple moving average of $79.85 and a 200 day simple moving average of $76.29. Tutor Perini Corporation has a twelve month low of $41.16 and a twelve month high of $100.00. The stock has a market cap of $4.10 billion, a PE ratio of 52.99 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, research analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 21st. Tutor Perini’s dividend payout ratio is 16.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPC. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group increased their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tutor Perini has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini 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.