Insider Selling: Tutor Perini (NYSE:TPC) Director Sells 17,500 Shares of Stock

Tutor Perini Corporation (NYSE:TPC) Director Robert Lieber sold 17,500 shares of Tutor Perini stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tutor Perini Stock Performance

Shares of TPC stock traded down $1.92 during trading hours on Friday, reaching $71.35. The company had a trading volume of 655,634 shares, compared to its average volume of 591,026. The business has a fifty day moving average price of $80.36 and a 200-day moving average price of $75.20. Tutor Perini Corporation has a one year low of $36.22 and a one year high of $100.00. The firm has a market cap of $3.75 billion, a PE ratio of 48.54 and a beta of 2.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is presently 16.33%.

Hedge Funds Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently made changes to their positions in TPC. Comerica Bank raised its stake in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after acquiring an additional 569 shares during the period. AQR Capital Management LLC raised its stake in Tutor Perini by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after acquiring an additional 54,204 shares during the period. Millennium Management LLC raised its stake in Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after acquiring an additional 238,933 shares during the period. Goldman Sachs Group Inc. raised its stake in Tutor Perini by 13.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock worth $13,463,000 after acquiring an additional 69,489 shares during the period. Finally, Norges Bank bought a new stake in Tutor Perini during the 2nd quarter worth approximately $691,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analysts Set New Price Targets

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

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.