BNP Paribas Financial Markets Increases Holdings in Tutor Perini Corporation $TPC

Key Points

• BNP Paribas Financial Markets increased its Tutor Perini stake by 66.6% in the fourth quarter, owning 246,557 shares worth about $16.5 million after adding 98,557 shares.
• Tutor Perini reported stronger-than-expected quarterly earnings of $1.03 per share, though revenue of $1.39 billion fell slightly short of estimates; the company also raised its FY2026 guidance to 4.9-5.3 EPS.
• The stock traded down 2.7% to $70.42, while analysts remain mixed with a consensus rating of Hold and an average target price of $86.50.

BNP Paribas Financial Markets lifted its position in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) by 66.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,557 shares of the construction company's stock after acquiring an additional 98,557 shares during the quarter. BNP Paribas Financial Markets owned 0.47% of Tutor Perini worth $16,524,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP boosted its stake in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company's stock worth $28,000 after acquiring an additional 183 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company's stock worth $31,000 after acquiring an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock worth $36,000 after acquiring an additional 188 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company's stock worth $41,000 after acquiring an additional 252 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Tutor Perini by 2,085.3% during the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company's stock worth $50,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

TPC has been the topic of a number of recent research reports. UBS Group upped their target price on Tutor Perini from $86.00 to $98.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Wall Street Zen lowered Tutor Perini from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tutor Perini in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tutor Perini currently has a consensus rating of "Hold" and a consensus target price of $86.50.

Tutor Perini Trading Down 2.7%

Shares of TPC opened at $70.42 on Friday. The stock has a fifty day moving average of $80.29 and a two-hundred day moving average of $75.56. 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 company has a market capitalization of $3.71 billion, a PE ratio of 47.90 and a beta of 2.06. Tutor Perini Corporation has a fifty-two week low of $38.63 and a fifty-two week high of $100.00.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.Tutor Perini's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 21st. Tutor Perini's dividend payout ratio is presently 16.33%.

Insider Activity at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the company's stock in a transaction 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 $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.40% of the stock is currently owned by insiders.

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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