Handelsbanken Fonder AB Makes New $751,000 Investment in Tutor Perini Corporation $TPC

Handelsbanken Fonder AB acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) during the 4th quarter, Holdings Channel reports. The firm acquired 11,200 shares of the construction company’s stock, valued at approximately $751,000.

Several other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in shares of Tutor Perini by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 8,140 shares of the construction company’s stock worth $546,000 after purchasing an additional 522 shares during the last quarter. Convergence Investment Partners LLC grew its position in shares of Tutor Perini by 3.9% during the 4th quarter. Convergence Investment Partners LLC now owns 20,830 shares of the construction company’s stock worth $1,396,000 after purchasing an additional 782 shares in the last quarter. Allworth Financial LP lifted its holdings 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 worth $41,000 after acquiring an additional 252 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Tutor Perini by 1.5% during the 4th quarter. Pacer Advisors Inc. now owns 405,985 shares of the construction company’s stock worth $27,209,000 after acquiring an additional 5,890 shares during the period. Finally, Independent Advisor Alliance bought a new stake in shares of Tutor Perini during the 4th quarter worth approximately $2,376,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tutor Perini news, Director Peter Arkley purchased 8,117 shares of the stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $73.02 per share, with a total value of $592,703.34. Following the completion of the transaction, the director directly owned 216,717 shares in the company, valued at approximately $15,824,675.34. This trade represents a 3.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Lieber sold 10,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 164,573 shares in the company, valued at approximately $12,219,545.25. This trade represents a 5.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 35,000 shares of company stock valued at $2,556,404. Company insiders own 15.40% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $74.40 on Thursday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 50.61 and a beta of 2.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. Tutor Perini Corporation has a 52 week low of $36.22 and a 52 week high of $100.00. The firm’s 50-day simple moving average is $80.32 and its two-hundred day simple moving average is $75.13.

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

Tutor Perini Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s payout ratio is currently 16.33%.

Analysts Set New Price Targets

TPC has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. UBS Group lifted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.50.

Tutor Perini Company 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.