Insider Selling: Tutor Perini (NYSE:TPC) Chairman Sells 2,310,000 Shares

Tutor Perini Corporation (NYSE:TPC) Chairman Ronald Tutor sold 2,310,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the sale, the chairman owned 701,477 shares in the company, valued at approximately $60,039,416.43. This trade represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tutor Perini Trading Up 1.6%

NYSE:TPC traded up $1.34 during midday trading on Wednesday, hitting $87.88. 392,037 shares of the company traded hands, compared to its average volume of 636,413. The firm has a market capitalization of $4.62 billion, a P/E ratio of 37.88 and a beta of 2.06. The firm’s fifty day moving average is $85.37 and its 200-day moving average is $80.91. Tutor Perini Corporation has a 12-month low of $57.90 and a 12-month high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly 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. On average, sell-side analysts predict that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on TPC. UBS Group upped their price objective on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Zacks Research raised shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of Tutor Perini by 73.6% in the 4th quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock valued at $3,577,000 after purchasing an additional 22,631 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Tutor Perini during the 4th quarter worth about $875,000. Sierra Summit Advisors LLC acquired a new position in Tutor Perini in the fourth quarter valued at $896,000. Vanguard Group Inc. increased its position 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 in the last quarter. Finally, Bank of America Corp DE lifted its position 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 worth $37,142,000 after acquiring an additional 204,878 shares in the last quarter. 65.01% of the stock is 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.