Man Group plc Makes New $1.60 Million Investment in Tutor Perini Corporation $TPC

Man Group plc acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 19,283 shares of the construction company’s stock, valued at approximately $1,600,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 188 shares in the last quarter. Allworth Financial LP grew its stake in Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Ronald N. Tutor sold 2,310,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares of the company’s stock, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dale Anne Reiss sold 13,400 shares of the 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 sale, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. This represents a 30.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,507,609 shares of company stock worth $216,823,719 in the last three months. Insiders own 15.40% of the company’s stock.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $87.88 on Thursday. Tutor Perini Corporation has a 1-year low of $57.90 and a 1-year high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $85.48 and a 200-day moving average price of $80.95. The company has a market capitalization of $4.62 billion, a PE ratio of 37.88 and a beta of 2.06.

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, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Tutor Perini’s revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is an increase 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 15.52%.

Analyst Ratings Changes

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

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.