JPMorgan Chase & Co. Raises Stock Holdings in Tutor Perini Corporation $TPC

Key Points

• JPMorgan Chase & Co. increased its stake in Tutor Perini by 15.4% during the third quarter to 406,546 shares (about 0.77% of the company), valued at roughly $26.7 million.
• Tutor Perini beat expectations in its most recent quarter with $1.07 EPS vs. $0.92 expected and $1.51 billion in revenue (up 41.2% YoY), and the company set FY 2026 guidance of $4.90–$5.30 EPS.
• Insiders and institutions are active: insiders (including the CEO and a director) bought shares recently and now own 17.3% of the stock, while institutional investors hold about 65.01%.

JPMorgan Chase & Co. raised its stake in Tutor Perini Corporation (NYSE:TPC - Free Report) by 15.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,546 shares of the construction company's stock after buying an additional 54,248 shares during the quarter. JPMorgan Chase & Co. owned about 0.77% of Tutor Perini worth $26,665,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank raised its stake in shares of Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock valued at $56,000 after acquiring an additional 569 shares during the period. AQR Capital Management LLC boosted its position in shares of Tutor Perini by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock worth $4,248,000 after purchasing an additional 54,204 shares during the period. Millennium Management LLC increased its holdings in Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock valued at $8,890,000 after purchasing an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Tutor Perini by 13.6% in the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company's stock valued at $13,463,000 after purchasing an additional 69,489 shares during the period. Finally, Geode Capital Management LLC raised its position in Tutor Perini by 2.2% in the second quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company's stock valued at $49,094,000 after purchasing an additional 22,210 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Tutor Perini Trading Up 4.1%

NYSE TPC opened at $72.21 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 47.51 and a beta of 2.23. The firm has a 50 day simple moving average of $77.41 and a 200-day simple moving average of $69.89. Tutor Perini Corporation has a one year low of $18.33 and a one year high of $89.51.

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

Tutor Perini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 10th. Tutor Perini's dividend payout ratio (DPR) is presently 15.79%.

Insider Buying and Selling at Tutor Perini

In related news, Director Peter Arkley purchased 8,117 shares of the business's stock in a transaction on Friday, March 6th. The shares were bought at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the acquisition, the director directly owned 216,717 shares in the company, valued at $15,824,675.34. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary G. Smalley purchased 10,000 shares of Tutor Perini stock in a transaction on Wednesday, March 4th. The stock was bought at an average cost 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 in the company, valued at $6,699,921.96. This represents a 12.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 35,000 shares of company stock worth $2,556,404. Insiders own 17.30% of the company's stock.

Analyst Ratings Changes

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

About Tutor Perini

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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