Tutor Perini (NYSE:TPC) Director Sells $1,233,336.00 in Stock

Tutor Perini Corporation (NYSE:TPC) Director Dale Anne Reiss sold 13,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares in the company, valued at $2,871,924.12. The trade was a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tutor Perini Stock Performance

Shares of NYSE TPC traded down $2.63 during mid-day trading on Friday, reaching $89.32. 410,231 shares of the company were exchanged, compared to its average volume of 639,835. The stock has a market capitalization of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $84.90 and its 200-day simple moving average is $80.85. Tutor Perini Corporation has a twelve month low of $56.62 and a twelve month high of $102.30.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, research analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

Analysts Set New Price Targets

TPC has been the topic of a number of recent research reports. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tutor Perini presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Institutional Trading of Tutor Perini

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new position in shares of Tutor Perini during the 2nd quarter worth approximately $453,000. Amundi increased its holdings in shares of Tutor Perini by 80.5% during the second quarter. Amundi now owns 8,401 shares of the construction company’s stock worth $697,000 after purchasing an additional 3,747 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $1,780,000. California State Teachers Retirement System raised its position in shares of Tutor Perini by 8,082.6% in the second quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock valued at $356,620,000 after buying an additional 4,245,650 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of Tutor Perini in the second quarter valued at approximately $125,000. Institutional investors own 65.01% of the company’s stock.

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.