Tutor Perini Corporation $TPC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Tutor Perini Corporation (NYSE:TPC) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,283 shares of the construction company’s stock after selling 10,056 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Tutor Perini were worth $2,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TPC. Inspire Investing LLC bought a new stake in shares of Tutor Perini during the 1st quarter worth $1,796,000. Janney Montgomery Scott LLC raised its position in shares of Tutor Perini by 52.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,140 shares of the construction company’s stock worth $397,000 after purchasing an additional 1,772 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Tutor Perini by 768.4% during the first quarter. Pictet Asset Management Holding SA now owns 60,858 shares of the construction company’s stock worth $4,698,000 after purchasing an additional 53,850 shares during the period. OP Asset Management Ltd purchased a new stake in shares of Tutor Perini during the first quarter valued at $15,767,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Tutor Perini by 58.0% during the first quarter. SG Americas Securities LLC now owns 578,515 shares of the construction company’s stock valued at $44,656,000 after purchasing an additional 212,461 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $75.51 on Thursday. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 51.37 and a beta of 2.05. Tutor Perini Corporation has a 1-year low of $43.52 and a 1-year high of $100.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $78.43 and its 200-day simple moving average is $77.50.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, sell-side analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

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

Insider Buying and Selling

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 149,410 shares in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and an average price target of $86.50.

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.