Core Insights - JB Capital Partners reduced its stake in Tutor Perini by 175,000 shares, decreasing its exposure by approximately $5.35 million, as per a November 13 SEC filing [1][2] - Tutor Perini's stock has increased by 183.5% over the past year, significantly outperforming the S&P 500, which rose about 15% [3][10] - The company reported a 31% year-over-year revenue increase in the third quarter, reaching $1.42 billion, with operating cash flow hitting a record $289 million and backlog at an all-time high of $21.6 billion [10][11] Company Overview - Tutor Perini is a leading provider of diversified construction services, focusing on large-scale civil and building projects, with a strong competitive position due to its integrated approach and expertise [5][8] - The company operates a project-based business model, generating revenue through long-term contracts in public works, infrastructure, and complex building developments, serving a diverse client base across various sectors [8] Financial Metrics - As of September 30, Tutor Perini's remaining investment value was $47.20 million, representing 8% of JB Capital Partners' 13F AUM, making it the fund's third-largest holding [2][3] - Tutor Perini's total revenue for the trailing twelve months (TTM) is $5.10 billion, with a net income of -$27.83 million and a market capitalization of $3.66 billion [3][10]