Verus Capital Partners LLC Decreases Stock Holdings in Tutor Perini Corporation $TPC

Verus Capital Partners LLC trimmed its position in shares of Tutor Perini Corporation (NYSE:TPC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 175,099 shares of the construction company’s stock after selling 8,246 shares during the quarter. Tutor Perini comprises about 0.7% of Verus Capital Partners LLC’s investment portfolio, making the stock its 28th largest holding. Verus Capital Partners LLC owned approximately 0.33% of Tutor Perini worth $11,735,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP lifted its position 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 buying an additional 183 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Tutor Perini by 968.2% during the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after buying an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Tutor Perini by 54.0% during 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 during the last quarter. Allworth Financial LP lifted its position in shares of Tutor Perini by 71.4% during 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 last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Tutor Perini by 2,085.3% during the fourth quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock valued at $50,000 after buying an additional 709 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Trading Down 2.6%

Tutor Perini stock opened at $72.38 on Thursday. The stock has a market cap of $3.81 billion, a PE ratio of 49.23 and a beta of 2.06. 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 stock has a 50-day moving average of $80.50 and a two-hundred day moving average of $75.51. Tutor Perini Corporation has a one year low of $37.99 and a one year high of $100.00.

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

Tutor Perini Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is 16.33%.

Insiders Place Their Bets

In other news, Director Peter Arkley bought 8,117 shares of Tutor Perini stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the purchase, the director directly owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. The trade was a 3.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was 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 trade represents a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

TPC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. UBS Group increased their price target on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.