Dimensional Fund Advisors LP Has $124.19 Million Stake in Tutor Perini Corporation $TPC

Dimensional Fund Advisors LP reduced its position in Tutor Perini Corporation (NYSE:TPC) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,893,495 shares of the construction company’s stock after selling 194,533 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.59% of Tutor Perini worth $124,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of Tutor Perini by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after buying an additional 182 shares in the last quarter. Savant Capital LLC boosted its position in shares of Tutor Perini by 6.0% during the 3rd quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock valued at $399,000 after acquiring an additional 342 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Comerica Bank increased its stake in Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares during the period. Finally, Lesa Sroufe & Co increased its stake in Tutor Perini by 0.9% in the third quarter. Lesa Sroufe & Co now owns 71,171 shares of the construction company’s stock valued at $4,668,000 after acquiring an additional 636 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Down 2.1%

Shares of NYSE TPC opened at $69.80 on Thursday. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $89.51. The firm’s 50-day simple moving average is $77.43 and its 200 day simple moving average is $69.18. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 45.92 and a beta of 2.23.

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

Tutor Perini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Analyst Ratings Changes

A number of research analysts have commented on TPC shares. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Finally, UBS Group raised their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.50.

Insider Buying and Selling

In other news, Director Peter Arkley acquired 8,117 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $73.02 per share, for a total transaction of $592,703.34. Following the transaction, the director owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. This represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary G. Smalley bought 10,000 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 35,000 shares of company stock valued at $2,556,404. 17.30% of the stock is currently owned by company insiders.

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.