Tutor Perini Corporation (NYSE:TPC – Get Free Report) Director Dale Anne Reiss sold 13,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the transaction, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Tutor Perini Trading Up 0.5%
TPC stock opened at $89.32 on Monday. Tutor Perini Corporation has a 12 month low of $56.62 and a 12 month high of $102.30. The firm’s 50-day moving average is $85.12 and its 200 day moving average is $80.88. The company has a market capitalization of $4.70 billion, a PE ratio of 38.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.
Tutor Perini (NYSE:TPC – Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts anticipate that Tutor Perini Corporation will post 5.48 EPS for the current year.
Tutor Perini Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. 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 valued at $28,000 after acquiring an additional 183 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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. Silvant Capital Management LLC purchased a new position in Tutor Perini during the 2nd quarter worth $49,000. Finally, Allworth Financial LP raised its stake in 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 buying an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group increased 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 restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.00.
About Tutor Perini
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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