NFJ Investment Group LLC Takes Position in Tutor Perini Corporation $TPC

NFJ Investment Group LLC acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 115,306 shares of the construction company’s stock, valued at approximately $9,567,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares in the last quarter. Allworth Financial LP increased its position in shares of Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TPC shares. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. UBS Group lifted their price target 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tutor Perini currently has an average rating of “Hold” and an average target price of $105.00.

Tutor Perini Stock Performance

Tutor Perini stock opened at $90.05 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.74 billion, a P/E ratio of 38.81 and a beta of 2.05. Tutor Perini Corporation has a 1-year low of $55.78 and a 1-year high of $102.30. The firm has a 50-day moving average of $83.62 and a 200-day moving average of $80.54.

Tutor Perini (NYSE:TPC) last announced its quarterly 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 company 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%.Tutor Perini’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

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

Insider Buying and Selling

In related news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction on Friday, August 7th. The shares were 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 in the company, valued at $650,235. The trade was a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the transaction, the director directly owned 149,410 shares in the company, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 15.40% of the stock is owned by corporate insiders.

Tutor Perini Profile

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.