Tutor Perini (NYSE:TPC) Director Robert Lieber Sells 17,500 Shares

Tutor Perini Corporation (NYSE:TPCGet Free Report) Director Robert Lieber sold 17,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Tutor Perini Price Performance

Shares of TPC stock opened at $71.35 on Friday. The stock has a 50 day moving average of $80.36 and a two-hundred day moving average of $75.17. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini Corporation has a 12 month low of $36.22 and a 12 month high of $100.00. The company has a market capitalization of $3.75 billion, a P/E ratio of 48.54 and a beta of 2.18.

Tutor Perini (NYSE:TPCGet Free Report) last posted its earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. The business 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%.Tutor Perini’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities analysts expect that Tutor Perini Corporation will post 5.18 EPS for the current year.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 21st. Tutor Perini’s dividend payout ratio (DPR) is 16.33%.

Institutional Investors Weigh In On Tutor Perini

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Tutor Perini by 74.2% during the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company’s stock valued at $37,142,000 after purchasing an additional 204,878 shares in the last quarter. Amundi acquired a new stake in Tutor Perini during the 1st quarter valued at $359,000. California State Teachers Retirement System increased its holdings in Tutor Perini by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 52,528 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 10,026 shares in the last quarter. Empowered Funds LLC increased its holdings in Tutor Perini by 3.2% during the 1st quarter. Empowered Funds LLC now owns 234,503 shares of the construction company’s stock valued at $18,101,000 after purchasing an additional 7,283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Tutor Perini by 4.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,274 shares of the construction company’s stock valued at $1,797,000 after purchasing an additional 1,090 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on TPC shares. UBS Group raised their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.50.

View Our Latest Research Report on Tutor Perini

About Tutor Perini

(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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Insider Buying and Selling by Quarter for Tutor Perini (NYSE:TPC)

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