Tutor Perini Corporation $TPC Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tutor Perini Corporation (NYSE:TPC) by 274.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 304,438 shares of the construction company’s stock after purchasing an additional 223,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tutor Perini were worth $25,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Tutor Perini during the 2nd quarter valued at $358,248,000. Principal Financial Group Inc. bought a new position in Tutor Perini during the first quarter valued at about $59,754,000. Donald Smith & CO. Inc. bought a new position in Tutor Perini during the second quarter valued at about $40,407,000. Gendell Jeffrey L grew its holdings in Tutor Perini by 95.0% during the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after acquiring an additional 433,559 shares during the period. Finally, Fred Alger Management LLC grew its holdings in Tutor Perini by 47.0% during the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after acquiring an additional 353,744 shares during the period. 65.01% of the stock is owned by institutional investors.

Tutor Perini Stock Down 0.8%

TPC stock opened at $87.10 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.58 billion, a P/E ratio of 37.54 and a beta of 2.06. Tutor Perini Corporation has a 52-week low of $57.90 and a 52-week high of $102.30. The company’s 50 day simple moving average is $85.60 and its 200-day simple moving average is $80.98.

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

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.09 per share. This is a positive change 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 was Wednesday, August 19th. Tutor Perini’s dividend payout ratio is presently 15.52%.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares in the company, valued at approximately $60,039,416.43. This trade represents a 76.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,507,609 shares of company stock valued at $216,823,719. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. UBS Group boosted their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Tutor Perini has a consensus rating of “Moderate Buy” and an average target price of $105.00.

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.