Key Points
- Director Robert Lieber sold 17,500 Tutor Perini shares for about $1.32 million at an average price of $75.36 each. After the sale, he still held 149,410 shares, trimming his position by 10.48%.
- Tutor Perini reported stronger-than-expected quarterly earnings of $1.03 per share, beating analyst estimates, while revenue rose 11.5% year over year to $1.39 billion. The company also reaffirmed guidance for fiscal 2026 EPS of 4.9 to 5.3.
- The company announced a quarterly dividend of $0.06 per share, payable on June 4, for an annualized yield of 0.3%. Analyst sentiment remains mixed, with a consensus rating of Hold and a target price of $86.50.
Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Robert Lieber sold 17,500 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the sale, the director owned 149,410 shares of the company's stock, valued at approximately $11,259,537.60. The trade was a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tutor Perini Trading Down 2.6%
TPC stock opened at $71.35 on Friday. The company has a market cap of $3.75 billion, a P/E ratio of 48.54 and a beta of 2.18. Tutor Perini Corporation has a twelve month low of $36.22 and a twelve month high of $100.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $80.36 and a 200-day moving average of $75.17.
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 for the quarter, topping analysts' consensus estimates of $0.96 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities research analysts expect that Tutor Perini Corporation will post 5.18 EPS for the current year.
Tutor Perini Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini's payout ratio is 16.33%.
Analyst Upgrades and Downgrades
TPC has been the subject of a number of analyst reports. Wall Street Zen cut Tutor Perini from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 9th. UBS Group lifted their price objective on Tutor Perini from $86.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Tutor Perini in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.50.
Get Our Latest Report on Tutor Perini
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPC. Quarry LP grew its stake in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company's stock valued at $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company's stock valued at $29,000 after purchasing an additional 357 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company's stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock valued at $36,000 after purchasing an additional 188 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company's stock valued at $41,000 after purchasing an additional 252 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
