Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Dale Anne Reiss sold 13,400 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the sale, the director owned 31,203 shares of the company's stock, valued at $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Tutor Perini Price Performance
Shares of Tutor Perini stock opened at $89.32 on Friday. The stock has a market cap of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The stock's fifty day moving average is $85.12 and its 200 day moving average is $80.90. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30.
Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion for 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 company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current year.
Tutor Perini Increases Dividend
The company also recently disclosed 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 15.52%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Zacks Research raised shares of Tutor Perini from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Wall Street Zen raised shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. UBS Group lifted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Tutor Perini in a research note on Friday, July 17th. One 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. According to data from MarketBeat.com, Tutor Perini has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.
Get Our Latest Stock Analysis on Tutor Perini
Institutional Investors Weigh In On Tutor Perini
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company's stock worth $42,000 after acquiring an additional 148 shares during the last quarter. Quarry LP grew its holdings in Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company's stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Tutor Perini by 54.0% during the 4th 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 during the last quarter. Allworth Financial LP raised its position in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company's stock worth $41,000 after purchasing an additional 252 shares during the period. Finally, State of Wyoming raised its position in Tutor Perini by 3.7% in the 1st quarter. State of Wyoming now owns 9,848 shares of the construction company's stock worth $760,000 after purchasing an additional 348 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.
About Tutor Perini
(
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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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