Tutor Perini (NYSE:TPC) CEO Gary Smalley Buys 5,000 Shares of Stock

Tutor Perini Corporation (NYSE:TPC) CEO Gary Smalley purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $61.08 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the chief executive officer directly owned 118,075 shares in the company, valued at $7,212,021. The trade was a 4.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tutor Perini Trading Down 2.2%

Shares of NYSE:TPC traded down $1.30 during trading on Friday, reaching $58.45. The stock had a trading volume of 81,618 shares, compared to its average volume of 642,299. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.08 billion, a P/E ratio of -23.19 and a beta of 1.94. The business has a fifty day moving average price of $64.31 and a 200-day moving average price of $52.56. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $77.00.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned ($1.92) EPS. Tutor Perini’s revenue for the quarter was up 30.7% on a year-over-year basis. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio is currently -45.28%.

Institutional Investors Weigh In On Tutor Perini

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its stake in Tutor Perini by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after buying an additional 182 shares during the period. Quarry LP increased its holdings in shares of Tutor Perini by 74.7% in 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 period. KLP Kapitalforvaltning AS lifted its position in Tutor Perini by 3.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the construction company’s stock worth $463,000 after buying an additional 300 shares in the last quarter. Savant Capital LLC grew its stake in Tutor Perini by 6.0% in the third quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock valued at $399,000 after purchasing an additional 342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tutor Perini by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,934 shares of the construction company’s stock worth $1,373,000 after acquiring an additional 382 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Monday, August 11th. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. B. Riley restated a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Three investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.33.

Tutor Perini Company Profile

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.