Peter Arkley Acquires 10,999 Shares of Tutor Perini (NYSE:TPC) Stock

Tutor Perini Corporation (NYSE:TPC) Director Peter Arkley bought 10,999 shares of Tutor Perini stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $72.44 per share, with a total value of $796,767.56. Following the completion of the purchase, the director owned 208,600 shares in the company, valued at $15,110,984. This trade represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Peter Arkley also recently made the following trade(s):

• On Friday, March 6th, Peter Arkley purchased 8,117 shares of Tutor Perini stock. The shares were purchased at an average cost of $73.02 per share, for a total transaction of $592,703.34.
• On Wednesday, March 4th, Peter Arkley purchased 5,884 shares of Tutor Perini stock. The stock was purchased at an average price of $73.85 per share, for a total transaction of $434,533.40.

Tutor Perini Stock Up 2.1%

Shares of NYSE TPC traded up $1.48 during midday trading on Friday, hitting $72.60. 1,061,610 shares of the stock traded hands, compared to its average volume of 669,017. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.27. Tutor Perini Corporation has a one year low of $18.33 and a one year high of $89.51. The business has a 50 day moving average price of $77.17 and a two-hundred day moving average price of $68.70. The company has a market cap of $3.83 billion, a PE ratio of 47.76 and a beta of 2.23.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned ($1.49) EPS. Tutor Perini’s quarterly revenue was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 10th. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPC. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group raised their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tutor Perini has a consensus rating of “Hold” and an average target price of $86.50.

Institutional Investors Weigh In On Tutor Perini

Several large investors have recently modified their holdings of TPC. Smartleaf Asset Management LLC lifted its stake in Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Tutor Perini by 5.8% during the 4th quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock valued at $207,000 after purchasing an additional 171 shares during the period. Arizona State Retirement System boosted its position in shares of Tutor Perini by 1.4% in the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock valued at $869,000 after acquiring an additional 182 shares during the period. Quarry LP grew 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 buying an additional 183 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Company Profile

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.