Algert Global LLC Sells 68,767 Shares of Tutor Perini Corporation $TPC

Algert Global LLC trimmed its stake in Tutor Perini Corporation (NYSE:TPC) by 21.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,481 shares of the construction company’s stock after selling 68,767 shares during the quarter. Algert Global LLC owned approximately 0.47% of Tutor Perini worth $16,429,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tutor Perini by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock valued at $191,719,000 after buying an additional 103,799 shares during the last quarter. First Trust Advisors LP increased its holdings in Tutor Perini by 17.1% during the third quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after buying an additional 197,169 shares during the last quarter. American Century Companies Inc. increased its holdings in Tutor Perini by 19.2% during the third quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after buying an additional 189,768 shares during the last quarter. Geode Capital Management LLC raised its position in Tutor Perini by 2.2% during the second quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock worth $49,094,000 after acquiring an additional 22,210 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Tutor Perini by 209.4% during the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock worth $47,251,000 after acquiring an additional 487,529 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Trading Down 2.0%

Shares of Tutor Perini stock opened at $67.82 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day simple moving average of $77.45 and a two-hundred day simple moving average of $69.32. Tutor Perini Corporation has a 1 year low of $18.33 and a 1 year high of $89.51. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 44.62 and a beta of 2.23.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.92 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The company’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.49) earnings per share. 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. Shareholders of record on Tuesday, March 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Tutor Perini’s dividend payout ratio is currently 15.79%.

Wall Street Analyst Weigh In

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

Insider Activity at Tutor Perini

In other news, CEO Gary G. Smalley acquired 10,000 shares of Tutor Perini stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the completion of the acquisition, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Arkley bought 8,117 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $73.02 per share, for a total transaction of $592,703.34. Following the transaction, the director directly owned 216,717 shares of the company’s stock, valued at $15,824,675.34. The trade was a 3.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 35,000 shares of company stock valued at $2,556,404 over the last 90 days. Company insiders own 17.30% of the company’s stock.

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.