Tutor Perini Corporation $TPC Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its stake in Tutor Perini Corporation (NYSE:TPC) by 41.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,382 shares of the construction company’s stock after purchasing an additional 12,449 shares during the period. Citigroup Inc. owned about 0.08% of Tutor Perini worth $2,780,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. Comerica Bank lifted its holdings in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares in the last quarter. USA Financial Formulas acquired a new stake in Tutor Perini during the 3rd quarter worth approximately $90,000. State of Alaska Department of Revenue purchased a new position in Tutor Perini in the 3rd quarter valued at approximately $192,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Tutor Perini in the third quarter worth $204,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Heavy insider buying — CEO Gary Smalley purchased 10,000 shares (~$73.24 avg) and Director Peter Arkley bought a total of 25,000 shares across March 4–6. Large, repeated insider purchases increase confidence management expects further share/value appreciation. Read More. • Read More.
• Positive Sentiment: Earnings beat and upbeat guidance — Tutor Perini topped Q results (EPS $1.07 vs $0.92 est.) and reported ~41% revenue growth YoY; management issued FY2026 EPS guidance of $4.90–$5.30, supporting upside vs. prior expectations. This combination is a major fundamental catalyst. Read More.
• Positive Sentiment: Analyst target raised — UBS lifted its price target to $98 and maintained a Buy, which can attract investor interest and buying momentum. Read More.
• Neutral Sentiment: Dividend declared — Tutor Perini announced a quarterly $0.06 dividend (annualized $0.24, ~0.3% yield). Small cash return to shareholders is positive but immaterial to total return given the low yield. Read More.
• Neutral Sentiment: Institutional activity is mixed — several small institutional increases noted, but overall analyst coverage remains varied; institutional ownership is significant (~65%), so flows can amplify moves but are not yet a clear directional signal. Read More.
• Negative Sentiment: Mixed analyst/street views — despite recent upgrades, some firms (e.g., Weiss Ratings) still carry negative opinions and the consensus rating sits near “Hold,” implying room for divergent views and volatility if future results or backlog details disappoint. Read More.

Insider Activity

In other news, CEO Gary G. Smalley bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $73.24 per share, with a total value of $732,400.00. Following the transaction, the chief executive officer directly owned 91,479 shares in the company, valued at $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Arkley purchased 10,999 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $72.44 per share, for a total transaction of $796,767.56. Following the purchase, the director directly owned 208,600 shares in the company, valued at $15,110,984. The trade was a 5.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 35,000 shares of company stock worth $2,556,404. Corporate insiders own 17.30% of the company’s stock.

Analysts Set New Price Targets

TPC has been the topic of several analyst reports. UBS Group increased their price objective on Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tutor Perini has an average rating of “Hold” and an average target price of $86.50.

Tutor Perini Stock Up 2.1%

Tutor Perini stock opened at $72.60 on Friday. The stock has a market cap of $3.83 billion, a PE ratio of 47.76 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.30. The stock’s fifty day moving average is $77.24 and its two-hundred day moving average is $68.80. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.51.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The business’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is presently 15.79%.

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.