American Century Companies Inc. Grows Position in Tutor Perini Corporation $TPC

American Century Companies Inc. lifted its position in Tutor Perini Corporation (NYSE:TPC) by 19.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,179,380 shares of the construction company’s stock after purchasing an additional 189,768 shares during the period. American Century Companies Inc. owned about 2.24% of Tutor Perini worth $77,356,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Xponance Inc. purchased a new stake in Tutor Perini during the 3rd quarter valued at $276,000. Fox Run Management L.L.C. increased its position in shares of Tutor Perini by 48.5% in the third quarter. Fox Run Management L.L.C. now owns 17,167 shares of the construction company’s stock valued at $1,126,000 after acquiring an additional 5,606 shares during the period. Vawter Financial Ltd. bought a new position in shares of Tutor Perini during the third quarter valued at about $216,000. Counterpoint Mutual Funds LLC boosted its holdings in shares of Tutor Perini by 491.0% during the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company’s stock worth $3,223,000 after purchasing an additional 40,824 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in shares of Tutor Perini during the third quarter worth about $530,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Down 5.3%

TPC stock opened at $69.69 on Wednesday. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $89.51. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 45.85 and a beta of 2.23. The business’s 50 day moving average price is $77.03 and its two-hundred day moving average price is $68.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a return on equity of 18.15% and a net margin of 1.45%.The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter last year, the business posted ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 10th. Tutor Perini’s payout ratio is 15.79%.

Analyst Ratings Changes

TPC has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. UBS Group boosted their target price on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tutor Perini currently has a consensus rating of “Hold” and an average price target of $86.50.

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.