101,200 Shares in Tutor Perini Corporation $TPC Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new stake in shares of Tutor Perini Corporation (NYSE:TPC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 101,200 shares of the construction company’s stock, valued at approximately $8,397,000. Hennessy Advisors Inc. owned approximately 0.19% of Tutor Perini as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of TPC. Comerica Bank boosted its holdings in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after purchasing an additional 569 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after purchasing an additional 54,204 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after purchasing an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Tutor Perini by 13.6% in the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock worth $13,463,000 after buying an additional 69,489 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Tutor Perini in the second quarter worth about $691,000. 65.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Dale Anne Reiss sold 13,400 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the transaction, the director owned 31,203 shares in the company, valued at $2,871,924.12. The trade was a 30.04% 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 Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their position. The SEC filing for this sale provides additional information. 15.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Tutor Perini Trading Down 2.9%

Shares of NYSE TPC opened at $89.32 on Friday. The business’s 50 day moving average is $85.12 and its two-hundred day moving average is $80.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. Tutor Perini Corporation has a 1-year low of $56.62 and a 1-year high of $102.30. The stock has a market capitalization of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last posted 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 during the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, research analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The business 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 $0.09 dividend. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th. Tutor Perini’s dividend payout ratio is 15.52%.

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.