Jupiter Topco LLC Purchases New Shares in Tutor Perini Corporation $TPC

Key Points

• Jupiter Topco LLC purchased 29,868 Tutor Perini shares during the second quarter, valued at approximately $2.48 million, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 65.01% of the company.
• Tutor Perini reported quarterly EPS of $1.74, surpassing the $0.67 consensus estimate, while revenue rose 19.2% year over year to $1.64 billion. The company also increased its quarterly dividend to $0.09 per share.
• Analysts’ consensus rating is “Moderate Buy” with an average price target of $105, but insiders sold 2.51 million shares worth approximately $216.8 million over the past 90 days.

Jupiter Topco LLC purchased a new position in Tutor Perini Corporation (NYSE:TPC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,868 shares of the construction company's stock, valued at approximately $2,481,000. Jupiter Topco LLC owned approximately 0.06% of Tutor Perini at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company's stock worth $28,000 after buying an additional 183 shares during the period. Federated Hermes Inc. increased its position in shares of Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company's stock worth $29,000 after acquiring an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock valued at $36,000 after acquiring an additional 188 shares during the period. Allworth Financial LP raised its holdings in shares of Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company's stock valued at $41,000 after acquiring an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company's stock valued at $42,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $87.88 on Thursday. 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. The stock's 50-day moving average is $85.48 and its two-hundred day moving average is $80.95. The firm has a market cap of $4.62 billion, a P/E ratio of 37.88 and a beta of 2.06.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm's revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Tutor Perini's previous quarterly dividend of $0.06. Tutor Perini's payout ratio is 15.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TPC shares. UBS Group raised their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research raised shares of Tutor Perini from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Tutor Perini in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.00.

Insider Activity

In related news, Director Dale Anne Reiss sold 13,400 shares of Tutor Perini stock in a transaction on Thursday, August 27th. The shares were 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 approximately $2,871,924.12. The trade was a 30.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sidney J. Feltenstein sold 184,209 shares of the company's stock in a transaction on Friday, August 7th. The stock was 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 of the company's stock, valued at $650,235. This represents a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,507,609 shares of company stock worth $216,823,719. 15.40% of the stock is owned by corporate insiders.

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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