Key Points
- Director Robert Lieber sold 10,000 shares of Tutor Perini on May 19 at an average price of $74.25, totaling $742,500. After the sale, he still held 164,573 shares, a 5.73% reduction in his stake.
- Tutor Perini reported stronger-than-expected quarterly earnings on May 6, with EPS of $1.03 beating estimates of $0.96. Revenue rose 11.5% year over year to $1.39 billion, though it came in slightly below analyst expectations.
- The company also declared a quarterly dividend of $0.06 per share, payable June 4, implying an annualized yield of about 0.3%. Meanwhile, analysts currently have a mixed view, with a consensus rating of “Hold” and an average price target of $86.50.
Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Robert Lieber sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $74.25, for a total transaction of $742,500.00. Following the completion of the transaction, the director owned 164,573 shares in the company, valued at $12,219,545.25. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Tutor Perini Stock Performance
Shares of TPC stock opened at $75.13 on Friday. The firm's 50 day moving average price is $79.99 and its 200-day moving average price is $74.95. Tutor Perini Corporation has a one year low of $34.32 and a one year high of $100.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $3.95 billion, a P/E ratio of 51.11 and a beta of 2.18.
Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities research analysts predict that Tutor Perini Corporation will post 5.18 EPS for the current year.
Tutor Perini Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini's payout ratio is currently 16.33%.
Institutional Investors Weigh In On Tutor Perini
Hedge funds have recently made changes to their positions in the stock. Comerica Bank lifted its position in Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after purchasing an additional 569 shares during the period. AQR Capital Management LLC grew its holdings in shares of Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock worth $4,248,000 after purchasing an additional 54,204 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock worth $8,890,000 after purchasing an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tutor Perini by 13.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company's stock worth $13,463,000 after purchasing an additional 69,489 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Tutor Perini in the 2nd quarter worth about $691,000. Institutional investors own 65.01% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on TPC shares. Wall Street Zen lowered Tutor Perini from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. UBS Group boosted their price target on Tutor Perini from $86.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Tutor Perini in a research note on Monday, April 20th. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $86.50.
Check Out Our Latest Report on Tutor Perini
Tutor Perini Company Profile
(
Get Free Report)
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.
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