74,225 Shares in Tutor Perini Corporation $TPC Purchased by Abacus FCF Advisors LLC

Key Points

• Abacus FCF Advisors purchased 74,225 Tutor Perini shares worth approximately $6.16 million, while institutional investors collectively own 65.01% of the company.
• Tutor Perini reported quarterly EPS of $1.74, exceeding estimates of $0.67, and revenue of $1.64 billion, up 19.2% year over year. The company issued fiscal 2026 EPS guidance of $5.15–$5.45.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $105 average price target. Tutor Perini also raised its quarterly dividend from $0.06 to $0.09 per share, though two directors recently sold substantial stakes.

Abacus FCF Advisors LLC bought a new stake in Tutor Perini Corporation (NYSE:TPC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 74,225 shares of the construction company's stock, valued at approximately $6,158,000. Abacus FCF Advisors LLC owned about 0.14% of Tutor Perini as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TPC. Smartleaf Asset Management LLC boosted its holdings in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company's stock valued at $42,000 after acquiring an additional 148 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company's stock valued at $207,000 after purchasing an additional 171 shares during the period. Quarry LP lifted its position in 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 purchasing an additional 183 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 188 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in 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 purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TPC. Wall Street Zen raised Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tutor Perini in a report on Friday, July 17th. Zacks Research cut Tutor Perini from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $105.00.

Insider Activity at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares in the company, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares of the company's stock, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.40% of the stock is currently owned by insiders.

Tutor Perini Price Performance

NYSE:TPC opened at $90.20 on Thursday. Tutor Perini Corporation has a 52 week low of $53.83 and a 52 week high of $102.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4.75 billion, a PE ratio of 38.88 and a beta of 2.05. The stock's 50-day moving average price is $83.29 and its 200-day moving average price is $80.47.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share 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 return on equity of 20.95% and a net margin of 2.08%.Tutor Perini's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be paid a $0.09 dividend. 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 of this dividend is Wednesday, August 19th. Tutor Perini's dividend payout ratio is presently 10.34%.

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.

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