Weiss Asset Management LP Acquires New Position in Tutor Perini Corporation $TPC

28 Jul 2026, 09:41 by Mitch Edgeman · The Markets Daily

Weiss Asset Management LP acquired a new stake in Tutor Perini Corporation (NYSE:TPC – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,500 shares of the construction company’s stock, valued at approximately $810,000.

A number of other hedge funds have also added to or reduced their stakes in TPC. Principal Financial Group Inc. purchased a new position in shares of Tutor Perini during the first quarter worth approximately $59,754,000. Gendell Jeffrey L boosted its holdings in shares of Tutor Perini by 95.0% in the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the period. Fred Alger Management LLC grew its stake in Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after purchasing an additional 353,744 shares in the last quarter. First Trust Advisors LP grew its stake in Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock worth $104,893,000 after purchasing an additional 334,632 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after purchasing an additional 238,933 shares during the period. 65.01% of the stock is currently owned by institutional investors.

Tutor Perini Trading Down 1.1%

NYSE:TPC opened at $85.82 on Tuesday. The firm has a 50-day simple moving average of $77.33 and a 200-day simple moving average of $78.60. Tutor Perini Corporation has a one year low of $43.52 and a one year high of $100.00. The firm has a market cap of $4.52 billion, a P/E ratio of 58.38 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28.

Tutor Perini (NYSE:TPC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities analysts anticipate that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio is currently 16.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TPC shares. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Finally, Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Tutor Perini currently has an average rating of “Moderate Buy” and an average target price of $86.50.

View Our Latest Analysis on TPC

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.40% of the company’s stock.

Tutor Perini Profile

(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.