Robert Lieber Sells 10,000 Shares of Tutor Perini (NYSE:TPC) Stock

Tutor Perini Corporation (NYSE:TPC) Director Robert Lieber sold 10,000 shares of Tutor Perini stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $74.25, for a total value of $742,500.00. Following the completion of the sale, the director directly owned 164,573 shares of the company’s stock, valued at $12,219,545.25. The trade was a 5.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Tutor Perini Trading Down 3.0%

Shares of NYSE TPC opened at $72.63 on Friday. Tutor Perini Corporation has a twelve month low of $34.82 and a twelve month high of $100.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $80.05 and a 200-day simple moving average of $74.93. The stock has a market capitalization of $3.82 billion, a PE ratio of 49.41 and a beta of 2.18.

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 analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, equities analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current year.

Tutor Perini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 21st. Tutor Perini’s payout ratio is presently 16.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, UBS Group boosted their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after acquiring an additional 148 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Tutor Perini by 5.8% during the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after acquiring an additional 171 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Tutor Perini by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after purchasing an additional 182 shares during the period. Quarry LP boosted its position in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

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.