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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Tutor Perini Corporation
Type
Public
Traded as NYSE: TPC
Industry construction
Founded 1894
Headquarters Sylmar, California, United States
Key people
Ronald Tutor, CEO
Revenue USD 4.2 billion (as of 2013)
Net income
USD 87 million (as of 2013)
Number of employees
approx. 10,000
Website www.tutorperini.com

Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States. At the end of 2013 it reported an annual revenue of approximately $4.2 billion. Tutor Perini is headquartered in Sylmar, California, and works on many construction projects throughout the United States and Canada. Specific areas of focus are civil infrastructure (bridges, highways, tunnels, airports, mass transit systems), building infrastructure (healthcare, education, municipal government, hospitality and gaming, multi-use, office towers, multi-unit residential towers, high-technology projects), and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation (HVAC), fire protection systems, concrete placement).

Perini was founded in 1894 by a stonemason named Bonfiglio Perini. Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing 4,500 acres (1,800 ha) in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving the company deeply in debt by the mid-1990s. In 1997, Perini recapitalized, passing control to a California-based investor group led by Los Angeles-based construction executive Ronald Tutor and investor Richard Blum.

Perini was listed on the NYSE on April 1, 2004. Later that year it acquired Cherry Hill Construction, a contractor in Maryland, and in 2003 it acquired Florida-based James A. Cummings and in 2005, California-based Rudolph & Sletten, Inc.. In January 2009, the corporation acquired Philadelphia-based building contractor Keating.

While Perini maintained headquarters in Framingham, Massachusetts it commonly bid on many heavy construction projects in Massachusetts. The corporation is now headquartered in Sylmar, California. The company is heavily involved in civil infrastructure, as well as construction for the gaming and hospitality industries.

Richard Blum divested his Perini stock in 2005. In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation. Subsequent to its name change, Tutor Perini Corporation strengthened its focus towards expanding its geographical footprint throughout the United States. In order to facilitate this strategy, Tutor Perini issued $300 million of Senior Notes in October 2010. Tutor Perini proceeded to acquire six companies over the next nine months. These acquisitions include:

November 1, 2010 - Superior Gunite, a structural concrete firm headquartered in Lakeview Terrace, CA.

January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston, TX

April 4, 2011 – Anderson Companies, a general contractor headquartered in Gulfport, MS

June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, IN

July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, WI

July 1, 2011 – GreenStar Services Corporation, an electrical and mechanical services provider that is composed of 3 operating entities: Five Star Electric Corporation, WDF, and Nagelbush

March 17 2016 - After several smaller contracts at the Hudson Yards, Manhattan site, the company has been awarded contracts worth roughly $1.2 billion for the construction of Tower D and The Shops & Restaurants retail complex at the development.

Investment goal date:
Dividends reinvested
Tutor Perini Corporation TPC report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-26
--
--
Q3 2017
2017-11-07
--
--
Q2 2017
2017-08-07
0.5900
0.5900
Q1 2017
2017-05-03
0.2700
0.2700
Q4 2016
2017-02-23
0.6000
0.6000
Q3 2016
2016-11-02
0.5700
0.5700
Q2 2016
2016-08-02
0.4300
0.4300
Q1 2016
2016-05-04
0.3100
0.3100
Q4 2015
2016-02-29
0.1800
0.1800
Q3 2015
2015-11-13
0.4000
0.4000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ALLIANCEBERNSTEIN L.P.
3762550
BlackRock Fund Advisors
1146689
BlackRock Inc.
2408063
BlackRock Institutional Trust Company, N.A.
970241
Boston Partners
1514145
DIMENSIONAL FUND ADVISORS LP
4156868
EMERALD ADVISERS INC/PA
985791
EMERALD MUTUAL FUND ADVISERS TRUST
726881
FRANKLIN RESOURCES INC
950734
FRONTIER CAPITAL MANAGEMENT CO LLC
1813512
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
1382618
LSV ASSET MANAGEMENT
1716956
STATE STREET CORP
716591
TOWLE & CO
1181995
Vanguard Group, Inc
3236399
Major Shareholders
Name Relationship
Total Shares
Holding stocks
TUTOR RONALD N
12.0400% (5848120)
TPC /
OKLAK DENNIS D
0.0100% (5725)
DRE / TPC /
KLEIN MICHAEL R
0.8700% (423703)
CSGP / TPC /
SNYDER DONALD D
0.0800% (36567)
TPC / WAL /
ARKLEY PETER
0.1100% (54357)
TPC /
BAND ROBERT
0.1400% (70261)
TPC /
ONEGLIA RAYMOND R
0.1400% (68447)
TPC /
SHAW CRAIG W
0.2400% (115368)
TPC /
MELONE MARTIN R
0.0300% (15280)
TPC /
FELTENSTEIN SIDNEY J
0.0500% (25993)
TPC /
Miller Robert Lee
0.1700% (80753)
TPC /
Alexander Marilyn A
0.0500% (26703)
DCT / TMK / TPC /
Leppert Thomas C
0.0100% (7081)
TPC /
Caspers Mark
0.1600% (80000)
TPC /
Kershaw Michael J.
0.0800% (39363)
TPC /
SMALLEY GARY G.
0.0300% (15000)
FLR / TPC /
REISS DALE ANN
0.0500% (25454)
Ronald N. Tutor Separate Property Trust
12.0400% (5848120)
TPC /
Frost James A
1.0800% (526327)
TPC /
Meilicke Steven M
0.0100% (5276)
TPC /
Sparks William Barney
0.3200% (153803)
TPC /
Tevrizian Dickran M. Jr.
0.1100% (51993)
TPC /
Marano Ronald P. II
0.0100% (6242)
TPC /
% ()