Tutor Perini (NYSE:TPC) Chairman Ronald Tutor Sells 2,310,000 Shares

Tutor Perini Corporation (NYSE:TPC) Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction on Monday, August 31st. The stock was sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the transaction, the chairman owned 701,477 shares in the company, valued at $60,039,416.43. This trade represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $87.88 on Thursday. 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 business has a 50 day moving average price of $85.48 and a 200 day moving average price of $80.95. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 37.88 and a beta of 2.06. Tutor Perini Corporation has a twelve month low of $57.90 and a twelve month high of $102.30.

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

Tutor Perini Increases Dividend

The business 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 dividend of $0.09 per share. The ex-dividend date is Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

Institutional Investors Weigh In On Tutor Perini

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Tutor Perini in the 2nd quarter valued at about $358,248,000. California State Teachers Retirement System grew its stake in 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 purchasing an additional 4,245,650 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Tutor Perini during the 1st quarter worth approximately $59,754,000. Donald Smith & CO. Inc. bought a new stake in shares of Tutor Perini during the 2nd quarter worth approximately $40,407,000. Finally, Gendell Jeffrey L boosted its holdings in shares of Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after buying an additional 433,559 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TPC. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Finally, UBS Group increased their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One 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. Based on data from MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

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.