Jupiter Topco LLC Purchases Shares of 29,868 Tutor Perini Corporation $TPC

03 Sep 2026, 08:01 by Mitch Edgeman · The Markets Daily

Jupiter Topco LLC purchased a new stake in shares of Tutor Perini Corporation (NYSE:TPC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 29,868 shares of the construction company’s stock, valued at approximately $2,481,000.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after buying an additional 183 shares during the last quarter. Federated Hermes Inc. grew its stake in Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after buying an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after buying an additional 188 shares during the last quarter. Allworth Financial LP raised its holdings in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after acquiring an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after acquiring an additional 148 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Trading Up 1.6%

Shares of TPC stock opened at $87.88 on Thursday. Tutor Perini Corporation has a 1 year low of $57.90 and a 1 year high of $102.30. The firm’s fifty day simple moving average is $85.48 and its 200 day simple moving average is $80.95. The firm has a market capitalization of $4.62 billion, a P/E ratio of 37.88 and a beta of 2.06. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company earned $0.38 EPS. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, sell-side analysts predict that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. UBS Group lifted their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Check Out Our Latest Report on Tutor Perini

Insider Activity at Tutor Perini

In related news, Director Dale Anne Reiss sold 13,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,507,609 shares of company stock worth $216,823,719. Company insiders own 15.40% of the company’s stock.

About Tutor Perini

(Free Report)

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.