Tutor Perini Corporation (TPC) to Issue Quarterly Dividend of $0.06 on June 4th

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.06 per share by the construction company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 21st.

Tutor Perini has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tutor Perini to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.5%.

Tutor Perini Price Performance

NYSE TPC opened at $82.12 on Friday. The company has a 50 day simple moving average of $79.20 and a 200-day simple moving average of $74.12. 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 firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 55.87 and a beta of 2.18. Tutor Perini has a 52-week low of $25.36 and a 52-week high of $100.00.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.97%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter 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 research analysts predict that Tutor Perini will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gary G. Smalley purchased 10,000 shares of Tutor Perini stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the transaction, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. This represents a 12.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter Arkley bought 10,999 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $72.44 per share, with a total value of $796,767.56. Following the completion of the purchase, the director owned 208,600 shares in the company, valued at $15,110,984. This represents a 5.57% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 35,000 shares of company stock worth $2,556,404. 15.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds have recently made changes to their positions in the business. Quarry LP lifted its holdings in shares of Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after buying an additional 183 shares in the last quarter. Federated Hermes Inc. grew its position in Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Tutor Perini by 968.2% during the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after purchasing an additional 426 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

About Tutor Perini

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.