Insider Selling: Tutor Perini (NYSE:TPC) Director Sells 184,209 Shares

Tutor Perini Corporation (NYSE:TPC) Director Sidney Feltenstein sold 184,209 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tutor Perini Trading Down 1.0%

Shares of NYSE TPC traded down $0.94 during midday trading on Tuesday, hitting $97.58. The stock had a trading volume of 438,339 shares, compared to its average volume of 658,603. The company’s 50-day simple moving average is $80.05 and its 200 day simple moving average is $79.61. The firm has a market cap of $5.13 billion, a P/E ratio of 42.06 and a beta of 2.05. Tutor Perini Corporation has a fifty-two week low of $53.83 and a fifty-two week high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 20.95% and a net margin of 2.08%.The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Research analysts anticipate that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

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

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in shares of Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the period. AQR Capital Management LLC boosted its stake in Tutor Perini by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after acquiring an additional 54,204 shares during the last quarter. Millennium Management LLC boosted its stake in Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after acquiring an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after purchasing an additional 69,489 shares during the period. Finally, Norges Bank acquired a new position in Tutor Perini during the second quarter valued at approximately $691,000. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TPC shares. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. UBS Group raised their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Tutor Perini presently has a consensus rating of “Hold” and a consensus target price 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.