Tutor Perini (NYSE:TPC) Director Dale Anne Reiss Sells 13,400 Shares of Stock

Tutor Perini Corporation (NYSE:TPC) Director Dale Anne Reiss sold 13,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, the director directly owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tutor Perini Stock Down 2.9%

Shares of NYSE:TPC opened at $89.32 on Friday. The stock has a fifty day simple moving average of $85.12 and a two-hundred day simple moving average of $80.90. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 38.50 and a beta of 2.05. Tutor Perini Corporation has a 12-month low of $56.62 and a 12-month 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 released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

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

Hedge Funds Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently bought and sold shares of TPC. Quarry LP grew its stake in shares of Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. raised its holdings in shares of Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Tutor Perini by 54.0% during the fourth 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. Allworth Financial LP lifted its position in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Analysts Set New Price Targets

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

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.