Key Points
- Director Peter Arkley bought a total of 40,000 shares of Tutor Perini over Nov. 24–25 (15,147 on Nov. 25 and 24,853 on Nov. 24) for roughly $2.56M, increasing his direct stake to 191,717 shares — an 8.58% rise.
- The company beat quarterly estimates with $1.15 EPS (vs. $0.96 expected) and $1.42B revenue (up 30.7% YoY), and issued FY2025 guidance of 4.00–4.20 EPS.
- Shares trade around $65 with a $3.44B market cap; analysts are mixed — consensus rating is "Hold" with a $66.33 price target while some firms maintain buy ratings and UBS raised its target to $86.
Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Peter Arkley purchased 15,147 shares of the company's stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $64.39 per share, with a total value of $975,315.33. Following the completion of the transaction, the director directly owned 191,717 shares of the company's stock, valued at approximately $12,344,657.63. This represents a 8.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Peter Arkley also recently made the following trade(s):
- On Monday, November 24th, Peter Arkley bought 24,853 shares of Tutor Perini stock. The stock was bought at an average price of $63.96 per share, with a total value of $1,589,597.88.
Tutor Perini Trading Up 1.8%
Shares of TPC stock opened at $65.17 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.32. The company's 50-day moving average price is $64.28 and its 200-day moving average price is $53.60. Tutor Perini Corporation has a twelve month low of $18.33 and a twelve month high of $77.00. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -25.86 and a beta of 1.94.
Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.19. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The business's revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.92) EPS. 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 given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Tutor Perini's dividend payout ratio is presently -45.28%.
Institutional Investors Weigh In On Tutor Perini
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tutor Perini by 75.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,363 shares of the construction company's stock valued at $542,000 after buying an additional 10,018 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Tutor Perini by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 127,546 shares of the construction company's stock valued at $2,957,000 after acquiring an additional 9,001 shares in the last quarter. Voya Investment Management LLC boosted its stake in Tutor Perini by 70.0% in the first quarter. Voya Investment Management LLC now owns 22,573 shares of the construction company's stock valued at $523,000 after acquiring an additional 9,294 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Tutor Perini during the first quarter worth about $54,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Tutor Perini during the first quarter worth about $1,244,000. Hedge funds and other institutional investors own 65.01% of the company's stock.
Wall Street Analyst Weigh In
A number of 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 note on Wednesday, October 8th. Zacks Research cut Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Wall Street Zen lowered Tutor Perini from a "strong-buy" rating to a "buy" rating in a research note on Saturday. UBS Group lifted their target price on Tutor Perini from $67.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, November 6th. Finally, B. Riley reaffirmed 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $66.33.
View Our Latest Research Report on TPC
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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