Key Points
- Chairman Ronald Tutor sold 2.31 million shares of Tutor Perini at an average price of $85.59, generating approximately $197.7 million and reducing his position by 76.71% to 701,477 shares.
- Tutor Perini reported a strong quarter, with EPS of $1.74 versus the $0.67 consensus and revenue of $1.64 billion, up 19.2% year over year. The company issued fiscal 2026 EPS guidance of $5.15–$5.45.
- The company increased its quarterly dividend from $0.06 to $0.09 per share, while analysts maintained an overall “Moderate Buy” rating and a $105 consensus price target.
Tutor Perini Corporation (NYSE:TPC - Get Free Report) Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the transaction, the chairman owned 701,477 shares of the company's stock, valued at $60,039,416.43. The trade was a 76.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Tutor Perini Stock Performance
Shares of NYSE TPC opened at $87.88 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.62 billion, a P/E ratio of 37.88 and a beta of 2.06. Tutor Perini Corporation has a 12 month low of $57.90 and a 12 month high of $102.30. The stock has a 50 day moving average of $85.48 and a 200-day moving average of $80.95.
Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities research analysts predict that Tutor Perini Corporation will post 5.48 EPS for the current year.
Tutor Perini Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Tutor Perini's previous quarterly dividend of $0.06. Tutor Perini's payout ratio is currently 15.52%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Quarry LP lifted its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company's stock worth $28,000 after purchasing an additional 183 shares during the period. Federated Hermes Inc. increased its holdings in Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company's stock valued at $29,000 after buying an additional 357 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock valued at $36,000 after buying an additional 188 shares in the last quarter. Allworth Financial LP raised its position in shares of Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company's stock valued at $41,000 after buying an additional 252 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Tutor Perini by 31.5% during 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 period. Institutional investors own 65.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of Tutor Perini from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. UBS Group raised their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Tutor Perini in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tutor Perini presently has an average rating of "Moderate Buy" and a consensus target price of $105.00.
Get Our Latest Stock Analysis on TPC
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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