Assenagon Asset Management S.A. Has $2.51 Million Stock Holdings in Tutor Perini Corporation $TPC

Key Points

• Assenagon Asset Management increased its Tutor Perini stake by 288.9% in the second quarter, ending with 30,211 shares valued at approximately $2.51 million. Institutional investors collectively own 65.01% of the company.
• Tutor Perini reported quarterly EPS of $1.74, substantially beating the $0.67 consensus estimate, while revenue rose 19.2% year over year to $1.64 billion. The company issued fiscal 2026 EPS guidance of $5.15–$5.45.
• The stock opened at $94.95, near its 52-week high of $102.30, while analysts maintained a mixed outlook with an average “Hold” rating and a $105 consensus price target. The company also raised its quarterly dividend from $0.06 to $0.09 per share.

Assenagon Asset Management S.A. increased its stake in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) by 288.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,211 shares of the construction company's stock after purchasing an additional 22,443 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Tutor Perini worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE boosted its position in Tutor Perini by 74.2% during the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company's stock worth $37,142,000 after buying an additional 204,878 shares during the period. Amundi bought a new position in Tutor Perini during the first quarter worth $359,000. California State Teachers Retirement System raised its position in shares of Tutor Perini by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 52,528 shares of the construction company's stock worth $4,055,000 after acquiring an additional 10,026 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Tutor Perini by 3.2% in the 1st quarter. Empowered Funds LLC now owns 234,503 shares of the construction company's stock valued at $18,101,000 after purchasing an additional 7,283 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Tutor Perini by 4.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,274 shares of the construction company's stock worth $1,797,000 after buying an additional 1,090 shares during the period. Institutional investors own 65.01% of the company's stock.

Tutor Perini Stock Performance

NYSE TPC opened at $94.95 on Friday. The company has a fifty day moving average price of $81.44 and a 200-day moving average price of $80.04. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 40.93 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. Tutor Perini Corporation has a 1 year low of $53.83 and a 1 year high of $102.30.

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, beating 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm earned $0.38 earnings per share. The firm'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 predict that Tutor Perini Corporation will post 5.48 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a $0.09 dividend. This is an increase from Tutor Perini's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini's payout ratio is presently 10.34%.

Insider Transactions at Tutor Perini

In related news, Director Sidney J. Feltenstein sold 184,209 shares of the firm's stock in a transaction dated 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 sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert C. Lieber sold 17,500 shares of Tutor Perini stock in a transaction dated 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. This represents a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 211,709 shares of company stock worth $19,938,783 over the last three months. 15.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TPC. UBS Group increased their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Zacks Research lowered shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Tutor Perini in a report on Friday, July 17th. Two investment 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's stock. Based on data from MarketBeat, Tutor Perini presently has an average rating of "Hold" and a consensus price target of $105.00.

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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