Inspire Investing LLC Buys New Shares in Tutor Perini Corporation $TPC

Key Points

• Inspire Investing acquired 29,151 shares of Tutor Perini worth approximately $2.4 million, while institutional investors collectively own 65.01% of the company.
• Analyst sentiment remains moderately bullish: Tutor Perini has an average rating of “Moderate Buy” and an average price target of $105, though some firms recently downgraded the stock to “Hold.”
• Tutor Perini reported strong quarterly results, with EPS of $1.74 versus the $0.67 estimate and revenue up 19.2% year over year; however, insiders sold more than 2.5 million shares worth about $216.8 million over the past three months.

Inspire Investing LLC bought a new position in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,151 shares of the construction company's stock, valued at approximately $2,406,000. Inspire Investing LLC owned approximately 0.06% of Tutor Perini as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Tutor Perini in the second quarter valued at $358,248,000. Dimensional Fund Advisors LP lifted its position in shares of Tutor Perini by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company's stock valued at $133,697,000 after acquiring an additional 12,573 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Tutor Perini by 32.7% during the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company's stock worth $104,893,000 after acquiring an additional 334,632 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Tutor Perini during the 1st quarter worth $59,754,000. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Tutor Perini during the 2nd quarter worth $40,407,000. 65.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TPC has been the topic of a number of recent research reports. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. UBS Group boosted 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. Zacks Research downgraded Tutor Perini from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Weiss Ratings lowered Tutor Perini from a "buy (b-)" rating to a "hold (c)" rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.00.

Insider Buying and Selling at Tutor Perini

In other news, Director Dale Reiss sold 13,400 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares of the company's stock, valued at $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 6,700 shares of the company's stock, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,507,609 shares of company stock valued at $216,823,719 in the last three months. 15.40% of the stock is currently owned by company insiders.

Tutor Perini Stock Performance

Tutor Perini stock opened at $76.92 on Monday. The firm's 50 day simple moving average is $85.56 and its 200-day simple moving average is $82.94. The company has a market cap of $4.05 billion, a P/E ratio of 33.16 and a beta of 2.06. 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 fifty-two week low of $57.90 and a fifty-two week 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 (EPS) 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm's revenue was up 19.2% compared to the same quarter last year. 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 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This is an increase from Tutor Perini's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.5%. Tutor Perini's dividend payout ratio (DPR) is presently 15.52%.

Tutor Perini Profile

Tutor Perini Corporation NYSE: TPC is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company's civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.

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