Tutor Perini Corporation $TPC Stock Sold by Lesa Sroufe & Co

Key Points

• Lesa Sroufe & Co cut its Tutor Perini stake by 45.4% in the third quarter, selling 17,868 shares and retaining 21,494 shares worth approximately $1.77 million. Institutional investors and hedge funds collectively own 65.01% of TPC.
• Tutor Perini reported strong quarterly results, 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 raised its quarterly dividend to $0.09 per share, producing a 0.5% annualized yield.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and a $105 price target, although insider selling was substantial: executives and directors sold $216.8 million of shares over the past 90 days.

Lesa Sroufe & Co trimmed its position in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) by 45.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,494 shares of the construction company's stock after selling 17,868 shares during the quarter. Lesa Sroufe & Co's holdings in Tutor Perini were worth $1,774,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Tutor Perini in the second quarter valued at $358,248,000. Principal Financial Group Inc. purchased a new stake in shares of Tutor Perini in the 1st quarter worth about $59,754,000. Donald Smith & CO. Inc. purchased a new stake in shares of Tutor Perini in the 2nd quarter worth about $40,407,000. Copeland Capital Management LLC acquired a new stake in Tutor Perini in the 3rd quarter valued at about $30,446,000. Finally, First Trust Advisors LP grew its stake in Tutor Perini by 32.7% in the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company's stock valued at $104,893,000 after acquiring an additional 334,632 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TPC. Wall Street Zen upgraded shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Weiss Ratings downgraded shares of Tutor Perini from a "buy (b-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. Finally, UBS Group increased their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Tutor Perini currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

Tutor Perini Stock Performance

NYSE TPC opened at $79.25 on Tuesday. Tutor Perini Corporation has a fifty-two week low of $57.90 and a fifty-two week high of $102.30. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 34.16 and a beta of 2.06. The business has a fifty day moving average of $84.22 and a 200-day moving average of $81.36. 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 (NYSE:TPC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The business's revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, analysts predict that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared 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. 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%. This is an increase from Tutor Perini's previous quarterly dividend of $0.06. Tutor Perini's dividend payout ratio is 15.52%.

Insiders Place Their Bets

In other news, Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the sale, the chairman directly owned 701,477 shares in the company, valued at $60,039,416.43. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sidney Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction dated 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 sale, the director owned 6,700 shares of the company's stock, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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 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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