Legato Capital Management LLC Buys New Stake in Tutor Perini Corporation $TPC

Legato Capital Management LLC bought a new stake in Tutor Perini Corporation (NYSE:TPC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,707 shares of the construction company’s stock, valued at approximately $584,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after buying an additional 86,874 shares during the last quarter. First Trust Advisors LP increased its holdings in Tutor Perini by 17.1% in the third quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock valued at $88,572,000 after buying an additional 197,169 shares during the last quarter. American Century Companies Inc. increased its holdings in Tutor Perini by 19.2% in the third quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock valued at $77,356,000 after buying an additional 189,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Tutor Perini by 1.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock valued at $71,340,000 after buying an additional 10,898 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Tutor Perini by 18.7% in the third quarter. Millennium Management LLC now owns 824,821 shares of the construction company’s stock valued at $54,100,000 after buying an additional 129,941 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. UBS Group increased their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.50.

Insider Transactions at Tutor Perini

In other news, Director Robert C. Lieber sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $74.25, for a total transaction of $742,500.00. Following the completion of the sale, the director owned 164,573 shares in the company, valued at approximately $12,219,545.25. This represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary G. Smalley bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $73.24 per share, with a total value of $732,400.00. Following the purchase, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 35,000 shares of company stock worth $2,556,404. Company insiders own 15.40% of the company’s stock.

Tutor Perini Stock Performance

NYSE TPC opened at $74.72 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. Tutor Perini Corporation has a 1 year low of $36.22 and a 1 year high of $100.00. The company has a market capitalization of $3.93 billion, a PE ratio of 50.83 and a beta of 2.18. The company has a fifty day moving average of $80.26 and a two-hundred day moving average of $75.08.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Tutor Perini’s revenue for the quarter was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, analysts expect that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio is 16.33%.

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.