Altfest L J & Co. Inc. Makes New Investment in Tutor Perini Corporation $TPC

Key Points

• Altfest L J & Co. Inc. established a new position in Tutor Perini (NYSE:TPC) in Q4, buying 15,289 shares valued at roughly $1.03 million.
• Tutor Perini beat expectations for the quarter with $1.07 EPS versus a $0.92 consensus and $1.51B revenue versus $1.35B, and set FY2026 guidance of $4.90–$5.30 EPS.
• Significant insider buying — insiders purchased 35,000 shares in the past 90 days (including CEO Gary Smalley’s 10,000 and director Peter Arkley’s 8,117), and insiders now own 17.30% of the company.

Altfest L J & Co. Inc. bought a new stake in Tutor Perini Corporation (NYSE:TPC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,289 shares of the construction company's stock, valued at approximately $1,025,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Tutor Perini by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company's stock valued at $26,665,000 after acquiring an additional 54,248 shares in the last quarter. Plato Investment Management Ltd lifted its stake in Tutor Perini by 5,803.4% in the third quarter. Plato Investment Management Ltd now owns 6,966 shares of the construction company's stock valued at $453,000 after purchasing an additional 6,848 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its stake in Tutor Perini by 491.0% in the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company's stock valued at $3,223,000 after purchasing an additional 40,824 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Tutor Perini by 39,576.5% in the third quarter. Hillsdale Investment Management Inc. now owns 67,450 shares of the construction company's stock valued at $4,424,000 after purchasing an additional 67,280 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Tutor Perini in the third quarter valued at approximately $784,000. 65.01% of the stock is owned by institutional investors.

Tutor Perini Trading Up 2.2%

NYSE:TPC opened at $83.28 on Friday. The company has a market cap of $4.40 billion, a P/E ratio of 54.79 and a beta of 2.11. The stock's fifty day moving average price is $77.83 and its two-hundred day moving average price is $71.21. Tutor Perini Corporation has a 1 year low of $18.33 and a 1 year high of $89.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The business's quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini's dividend payout ratio is currently 15.79%.

Insider Buying and Selling at Tutor Perini

In related news, Director Peter Arkley bought 8,117 shares of the company's stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the completion of the transaction, the director directly owned 216,717 shares in the company, valued at approximately $15,824,675.34. The trade was a 3.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary G. Smalley acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the transaction, the chief executive officer directly owned 91,479 shares of the company's stock, valued at $6,699,921.96. This represents a 12.27% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 35,000 shares of company stock worth $2,556,404. Company insiders own 17.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TPC shares. UBS Group upped their price objective on Tutor Perini from $86.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.50.

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.

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