Tutor Perini (NYSE:TPC) Stock Sees Heavy Call Option Buying

Tutor Perini Corporation (NYSE:TPC) was the recipient of some unusual options trading activity on Friday. Investors purchased 2,503 call options on the stock. This is an increase of 1,536% compared to the average daily volume of 153 call options.

Key Stories Impacting Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record Q3 results: adjusted earnings of $1.83 per share topped the $1.34 consensus estimate, while revenue of $1.72 billion exceeded forecasts and grew 21.5% year over year. The company also raised its 2026 adjusted EPS outlook. Tutor Perini Q3 results and guidance
• Positive Sentiment: Management cited expanding margins, strong infrastructure demand and a substantial $20.4 billion backlog as support for the improved outlook. Q3 earnings-call highlights
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst optimism. UBS ratings
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3 to shareholders of record November 19. The modest payout provides some shareholder return but is unlikely to be a major earnings catalyst. Dividend announcement
• Negative Sentiment: One Q3 analysis flagged a decline in backlog, which could temper the otherwise strong results if it signals softer future project awards. Q3 deep dive

Tutor Perini Trading Up 6.3%

Shares of TPC traded up $5.15 during trading hours on Friday, hitting $87.00. 226,707 shares of the stock traded hands, compared to its average volume of 597,953. The business has a fifty day moving average of $83.87 and a 200-day moving average of $81.47. The firm has a market capitalization of $4.58 billion, a PE ratio of 32.81 and a beta of 2.12. Tutor Perini has a 1-year low of $57.90 and a 1-year high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 4th. The construction company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.49. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. Tutor Perini had a return on equity of 23.58% and a net margin of 2.25%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Analysts expect that Tutor Perini will post 5.39 EPS for the current year.

Tutor Perini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s dividend payout ratio is presently 15.52%.

Analyst Upgrades and Downgrades

TPC has been the topic of a number of research analyst reports. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. UBS Group lifted their price objective on Tutor Perini from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings lowered Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Tutor Perini has a consensus rating of “Hold” and a consensus price target of $107.00.

Insider Activity

In other Tutor Perini news, Chairman Ronald Tutor sold 2,310,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman directly owned 701,477 shares in the company, valued at $60,039,416.43. The trade was a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale Reiss sold 13,400 shares of the business’s 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 owned 31,203 shares in the company, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Tutor Perini

Several institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Tutor Perini by 26.8% during the third quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company’s stock worth $66,000 after buying an additional 168 shares during the last quarter. Krilogy Financial LLC boosted its stake in Tutor Perini by 7.5% in the third quarter. Krilogy Financial LLC now owns 3,475 shares of the construction company’s stock valued at $290,000 after acquiring an additional 242 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in Tutor Perini by 7.6% in the third quarter. Samalin Investment Counsel LLC now owns 3,544 shares of the construction company’s stock valued at $292,000 after acquiring an additional 251 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Tutor Perini by 17.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,782 shares of the construction company’s stock worth $147,000 after acquiring an additional 263 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Tutor Perini by 4.6% during the 3rd quarter. ProShare Advisors LLC now owns 6,283 shares of the construction company’s stock worth $518,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.