Tutor Perini Corporation $TPC Shares Bought by Vest Financial LLC

Key Points

• Vest Financial increased its Tutor Perini stake by 46.6% in the third quarter, bringing its holdings to 75,888 shares valued at approximately $6.26 million. Institutional investors collectively own 65.01% of the company.
• Tutor Perini reported a strong quarter, with EPS of $1.74 versus the $0.67 consensus estimate and revenue of $1.64 billion, up 19.2% year over year. The company issued fiscal 2026 EPS guidance of $5.15 to $5.45.
• Despite bullish analyst sentiment and a consensus “Moderate Buy” rating with a $105 price target, insiders sold 2.51 million shares worth $216.8 million over the past 90 days. Tutor Perini also raised its quarterly dividend from $0.06 to $0.09 per share.

Vest Financial LLC grew its stake in Tutor Perini Corporation (NYSE:TPC - Free Report) by 46.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,888 shares of the construction company's stock after acquiring an additional 24,122 shares during the quarter. Vest Financial LLC owned about 0.14% of Tutor Perini worth $6,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in Tutor Perini by 768.4% in the first quarter. Pictet Asset Management Holding SA now owns 60,858 shares of the construction company's stock worth $4,698,000 after purchasing an additional 53,850 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Tutor Perini by 74.2% in the first quarter. Bank of America Corp DE now owns 481,180 shares of the construction company's stock valued at $37,142,000 after purchasing an additional 204,878 shares during the period. GSA Capital Partners LLP acquired a new position in Tutor Perini in the 2nd quarter worth approximately $3,085,000. Cvfg LLC purchased a new position in shares of Tutor Perini during the first quarter worth $4,013,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Tutor Perini during the 2nd quarter valued at about $8,397,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

Insiders Place Their Bets

In other Tutor Perini news, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the sale, the director directly owned 31,203 shares of the company's stock, valued at $2,871,924.12. The trade was a 30.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sidney Feltenstein sold 184,209 shares of the business'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 sale, the director owned 6,700 shares of the company's stock, valued at approximately $650,235. The trade was a 96.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,507,609 shares of company stock valued at $216,823,719 in the last ninety days. Insiders own 15.40% of the company's stock.

Tutor Perini Price Performance

Tutor Perini stock opened at $76.82 on Friday. The firm has a market cap of $4.04 billion, a PE ratio of 33.11 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Tutor Perini Corporation has a 52-week low of $57.90 and a 52-week high of $102.30. The company's 50 day moving average is $85.96 and its two-hundred day moving average is $82.94.

Tutor Perini (NYSE:TPC - Get Free Report) last released its 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. The firm 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%. Tutor Perini's revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts expect that Tutor Perini Corporation will post 5.39 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given 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 dividend yield of 0.5%. Tutor Perini's dividend payout ratio is presently 15.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPC. UBS Group lifted their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Wall Street Zen raised Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Tutor Perini from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, Zacks Research downgraded Tutor Perini from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

About Tutor Perini

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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