368,948 Shares in Tutor Perini Corporation $TPC Acquired by Copeland Capital Management LLC

Key Points

• Copeland Capital Management acquired 368,948 Tutor Perini shares worth approximately $30.4 million, giving it a 0.70% stake. Institutional investors collectively own 65.01% of the company.
• Tutor Perini reported strong quarterly results, with EPS of $1.74 surpassing the $0.67 consensus estimate and revenue rising 19.2% year over year to $1.64 billion. The company issued FY 2026 EPS guidance of $5.15–$5.45.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $105, while the company increased its quarterly dividend to $0.09 per share. However, insiders sold 2.51 million shares worth $216.8 million during the latest quarter.

Copeland Capital Management LLC purchased a new stake in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 368,948 shares of the construction company's stock, valued at approximately $30,446,000. Copeland Capital Management LLC owned approximately 0.70% of Tutor Perini at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Silvant Capital Management LLC bought a new position in shares of Tutor Perini in the second quarter valued at about $49,000. Allworth Financial LP acquired a new position in Tutor Perini during the 2nd quarter worth about $53,000. Public Employees Retirement System of Ohio bought a new stake in Tutor Perini during the 2nd quarter worth about $56,000. Farther Finance Advisors LLC grew its holdings in Tutor Perini by 26.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company's stock worth $66,000 after acquiring an additional 168 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Tutor Perini during the 2nd quarter worth about $99,000. Institutional investors own 65.01% of the company's stock.

Tutor Perini Trading Up 0.0%

TPC stock opened at $83.53 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Tutor Perini Corporation has a twelve month low of $57.90 and a twelve month high of $102.30. The company has a market cap of $4.40 billion, a P/E ratio of 36.00 and a beta of 2.06. The business has a fifty day moving average of $88.33 and a 200-day moving average of $82.85.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The firm's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts expect that Tutor Perini Corporation will post 5.39 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 given a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is a positive change from Tutor Perini's previous quarterly dividend of $0.06. Tutor Perini's dividend payout ratio is presently 15.52%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Wall Street Zen upgraded shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Tutor Perini from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, UBS Group increased their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.00.

Insider Transactions at Tutor Perini

In other news, Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the sale, the chairman owned 701,477 shares in the company, valued at $60,039,416.43. The trade was a 76.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sidney Feltenstein sold 184,209 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares in the company, valued at $650,235. This represents a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,507,609 shares of company stock worth $216,823,719 in the last quarter. 15.40% of the stock is owned by company insiders.

Tutor Perini Profile

Tutor Perini Corporation NYSE: TPC is a major construction company that provides general contracting, construction management and design-build services. The company works on complex public and private projects, including transportation infrastructure, commercial buildings, healthcare facilities, hospitality properties, residential developments and institutional projects.

Tutor Perini operates through civil, building and specialty contractor businesses. Its civil construction activities include highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other heavy infrastructure.

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