Connor Clark & Lunn Investment Management Ltd. Invests $4.17 Million in Tutor Perini Corporation $TPC

Key Points

• Connor Clark & Lunn Investment Management acquired 50,277 Tutor Perini shares worth approximately $4.17 million, joining other institutional investors that increased their positions. Institutions collectively own 65.01% of the company.
• Tutor Perini reported quarterly EPS of $1.74, beating estimates of $0.67, 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 traded at $92.49, near its 52-week high, while analysts maintained a consensus “Hold” rating with a $105 price target. The company also raised its quarterly dividend from $0.06 to $0.09 per share.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Tutor Perini Corporation (NYSE:TPC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 50,277 shares of the construction company's stock, valued at approximately $4,171,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Tutor Perini as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after buying an additional 569 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock valued at $4,248,000 after acquiring an additional 54,204 shares in the last quarter. Millennium Management LLC lifted its position in shares of Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock valued at $8,890,000 after acquiring an additional 238,933 shares during the period. Goldman Sachs Group Inc. boosted its stake in Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company's stock worth $13,463,000 after acquiring an additional 69,489 shares in the last quarter. Finally, Norges Bank bought a new position in Tutor Perini during the second quarter worth $691,000. Institutional investors and hedge funds own 65.01% of the company's stock.

Insider Buying and Selling at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 184,209 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the transaction, the director owned 6,700 shares in the company, valued at $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on TPC shares. Weiss Ratings restated a "sell (d-)" rating on shares of Tutor Perini in a research note on Friday, July 17th. Zacks Research cut Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, UBS Group upped their target price on Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $105.00.

Tutor Perini Trading Up 4.5%

NYSE:TPC opened at $92.49 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average of $84.90 and a 200-day moving average of $80.85. The company has a market cap of $4.87 billion, a PE ratio of 39.87 and a beta of 2.05. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm's revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. 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 5.48 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently disclosed 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 represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is a boost from Tutor Perini's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini's dividend payout ratio (DPR) is currently 15.52%.

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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