Dale Anne Reiss Sells 13,400 Shares of Tutor Perini (NYSE:TPC) Stock

Tutor Perini Corporation (NYSE:TPC) Director Dale Anne Reiss sold 13,400 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, the director directly owned 31,203 shares in the company, valued at $2,871,924.12. This represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tutor Perini Price Performance

Tutor Perini stock opened at $89.32 on Friday. Tutor Perini Corporation has a one year low of $56.62 and a one year high of $102.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The business has a fifty day moving average of $85.12 and a two-hundred day moving average of $80.90. The company has a market cap of $4.70 billion, a P/E ratio of 38.50 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, analysts predict that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini’s payout ratio is presently 15.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TPC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. UBS Group upped their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tutor Perini has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Tutor Perini in the 2nd quarter valued at approximately $358,248,000. California State Teachers Retirement System raised its holdings in shares of Tutor Perini by 8,082.6% in the second quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock worth $356,620,000 after acquiring an additional 4,245,650 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after acquiring an additional 86,874 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tutor Perini by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after acquiring an additional 12,573 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after acquiring an additional 334,632 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.