Key Points
- CEO Gary Smalley bought 5,000 shares on Nov. 19 at an average price of $61.08 ($305,400), raising his direct stake to 118,075 shares — a 4.42% increase in ownership.
- Strong quarterly results and guidance: Tutor Perini reported $1.15 EPS vs. $0.96 expected and $1.42B revenue (up 30.7% YoY), and set FY2025 guidance of 4.000–4.200 EPS.
- Dividend announced: a quarterly payout of $0.06 per share (annualized $0.24, ~0.4% yield) will be paid Dec. 23 to shareholders of record on Dec. 9.
Tutor Perini Corporation (NYSE:TPC - Get Free Report) CEO Gary Smalley acquired 5,000 shares of the company's stock in a transaction on Wednesday, November 19th. The shares were bought at an average price of $61.08 per share, with a total value of $305,400.00. Following the completion of the purchase, the chief executive officer directly owned 118,075 shares of the company's stock, valued at approximately $7,212,021. This represents a 4.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tutor Perini Price Performance
NYSE:TPC traded down $1.30 during mid-day trading on Friday, reaching $58.45. 81,618 shares of the company were exchanged, compared to its average volume of 642,299. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $64.31 and a 200 day moving average of $52.56. Tutor Perini Corporation has a 12 month low of $18.33 and a 12 month high of $77.00. The stock has a market cap of $3.08 billion, a PE ratio of -23.19 and a beta of 1.94.
Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.19. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned ($1.92) EPS. The business's quarterly revenue was up 30.7% compared to the same quarter last year. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.
Tutor Perini Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, December 9th. Tutor Perini's dividend payout ratio (DPR) is -45.28%.
Institutional Trading of Tutor Perini
A number of large investors have recently added to or reduced their stakes in TPC. Bank of New York Mellon Corp increased its position in Tutor Perini by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 127,546 shares of the construction company's stock worth $2,957,000 after buying an additional 9,001 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tutor Perini by 75.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,363 shares of the construction company's stock worth $542,000 after acquiring an additional 10,018 shares during the period. Voya Investment Management LLC increased its holdings in shares of Tutor Perini by 70.0% during the 1st quarter. Voya Investment Management LLC now owns 22,573 shares of the construction company's stock worth $523,000 after acquiring an additional 9,294 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Tutor Perini in the 1st quarter valued at $54,000. Finally, Victory Capital Management Inc. acquired a new stake in Tutor Perini during the 1st quarter valued at $1,244,000. Institutional investors and hedge funds own 65.01% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on TPC shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Tutor Perini in a research report on Wednesday, October 8th. Zacks Research cut Tutor Perini from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Monday, August 11th. UBS Group increased their price objective on Tutor Perini from $67.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, November 6th. Finally, B. Riley restated a "buy" rating on shares of Tutor Perini in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Tutor Perini currently has an average rating of "Hold" and an average price target of $66.33.
Read Our Latest Report on Tutor Perini
About Tutor Perini
(
Get Free Report)
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.
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