Tutor Perini (NYSE:TPC) Director Buys $592,703.34 in Stock

Tutor Perini Corporation (NYSE:TPC) Director Peter Arkley bought 8,117 shares of Tutor Perini stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $73.02 per share, for a total transaction of $592,703.34. Following the acquisition, the director directly owned 216,717 shares in the company, valued at approximately $15,824,675.34. This represents a 3.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peter Arkley also recently made the following trade(s):

• On Thursday, March 5th, Peter Arkley purchased 10,999 shares of Tutor Perini stock. The shares were acquired at an average cost of $72.44 per share, with a total value of $796,767.56.
• On Wednesday, March 4th, Peter Arkley purchased 5,884 shares of Tutor Perini stock. The stock was bought at an average price of $73.85 per share, with a total value of $434,533.40.

Tutor Perini Stock Up 2.1%

Shares of TPC traded up $1.48 during midday trading on Friday, reaching $72.60. 1,061,610 shares of the company were exchanged, compared to its average volume of 669,017. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $89.51. The stock has a 50-day moving average price of $77.17 and a 200-day moving average price of $68.70. The company has a current ratio of 1.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 47.76 and a beta of 2.23.

Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is 15.79%.

Analysts Set New Price Targets

TPC has been the subject of several analyst reports. UBS Group upped their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. B. Riley Financial reissued a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.50.

Hedge Funds Weigh In On Tutor Perini

Several large investors have recently modified their holdings of TPC. Pacer Advisors Inc. increased its holdings in Tutor Perini by 1.5% in the fourth quarter. Pacer Advisors Inc. now owns 405,985 shares of the construction company’s stock valued at $27,209,000 after buying an additional 5,890 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Tutor Perini in the 4th quarter worth approximately $164,000. Mercer Global Advisors Inc. ADV grew its position in shares of Tutor Perini by 40.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,993 shares of the construction company’s stock worth $871,000 after acquiring an additional 3,773 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Tutor Perini in the 4th quarter valued at approximately $810,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Tutor Perini during the 4th quarter valued at approximately $235,000. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Company Profile

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.