Tutor Perini Corporation $TPC Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Tutor Perini Corporation (NYSE:TPC) by 248.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,660 shares of the construction company’s stock after buying an additional 7,604 shares during the period. Cwm LLC’s holdings in Tutor Perini were worth $699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS raised its position in shares of Tutor Perini by 3.1% in the second quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the construction company’s stock worth $463,000 after acquiring an additional 300 shares during the period. Comerica Bank increased its stake in shares of Tutor Perini by 30.7% in 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 in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Tutor Perini by 6.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,176 shares of the construction company’s stock worth $476,000 after purchasing an additional 639 shares during the period. USA Financial Formulas purchased a new position in Tutor Perini during the third quarter worth approximately $90,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Tutor Perini by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 23,803 shares of the construction company’s stock valued at $1,114,000 after purchasing an additional 1,909 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group increased their target price on Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. B. Riley reiterated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $80.50.

Tutor Perini Trading Down 0.0%

Shares of Tutor Perini stock opened at $71.13 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50 day simple moving average is $66.54 and its 200-day simple moving average is $60.18. The stock has a market cap of $3.75 billion, a P/E ratio of -134.20 and a beta of 2.17. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $77.00.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. Tutor Perini had a positive return on equity of 7.07% and a negative net margin of 0.55%.The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, December 9th. Tutor Perini’s dividend payout ratio (DPR) is presently -45.28%.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Peter Arkley acquired 24,853 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $63.96 per share, for a total transaction of $1,589,597.88. Following the completion of the acquisition, the director owned 176,570 shares of the company’s stock, valued at approximately $11,293,417.20. The trade was a 16.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary G. Smalley acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average price of $61.08 per share, with a total value of $305,400.00. Following the completion of the transaction, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at $7,212,021. This trade represents a 4.42% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 45,000 shares of company stock worth $2,870,313 over the last ninety days. 17.30% of the stock is owned by 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.