Capstone Investment Advisors LLC Invests $896,000 in Tutor Perini Corporation $TPC

Capstone Investment Advisors LLC acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,798 shares of the construction company’s stock, valued at approximately $896,000.

Several other institutional investors and hedge funds have also modified their holdings of TPC. Quarry LP increased its stake in Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. Federated Hermes Inc. lifted its stake in Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after buying an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 188 shares in the last quarter. Allworth Financial LP boosted its holdings 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 during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after buying an additional 148 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dale Anne Reiss sold 13,400 shares of Tutor Perini stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the sale, the director directly owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. UBS Group raised their price objective on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. 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 stock. According to MarketBeat.com, Tutor Perini presently has an average rating of “Moderate Buy” and an average price target of $105.00.

Tutor Perini Stock Performance

Shares of NYSE TPC opened at $89.32 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05. Tutor Perini Corporation has a 12 month low of $56.62 and a 12 month high of $102.30. The stock has a 50 day moving average of $85.12 and a 200-day moving average of $80.90.

Tutor Perini (NYSE:TPC) last posted its 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. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts predict that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 19th. Tutor Perini’s dividend payout ratio is presently 15.52%.

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.