Tutor Perini (NYSE:TPC) CEO Gary Smalley Acquires 5,000 Shares

Tutor Perini Corporation (NYSE:TPC) CEO Gary Smalley bought 5,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $61.08 per share, for a total transaction of $305,400.00. Following the completion of the purchase, the chief executive officer owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This trade represents a 4.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tutor Perini Stock Performance

Shares of TPC stock traded down $0.48 on Thursday, hitting $59.63. 370,473 shares of the stock were exchanged, compared to its average volume of 643,247. The firm’s 50 day moving average is $64.38 and its two-hundred day moving average is $52.51. Tutor Perini Corporation has a one year low of $18.33 and a one year high of $77.00. The firm has a market capitalization of $3.14 billion, a PE ratio of -23.83 and a beta of 1.94. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.32.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.92) EPS. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.24 annualized dividend and a yield of 0.4%.

Institutional Trading of Tutor Perini

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Tutor Perini by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 127,546 shares of the construction company’s stock valued at $2,957,000 after purchasing an additional 9,001 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Tutor Perini by 7.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,677 shares of the construction company’s stock valued at $363,000 after buying an additional 1,096 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Tutor Perini by 8.8% during the 1st quarter. New York State Common Retirement Fund now owns 12,358 shares of the construction company’s stock worth $286,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC increased its stake in Tutor Perini by 32.8% in the first quarter. CWM LLC now owns 3,442 shares of the construction company’s stock valued at $80,000 after acquiring an additional 850 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in Tutor Perini in the first quarter valued at $1,244,000. Institutional investors own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 11th. UBS Group increased their price objective on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, B. Riley reiterated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tutor Perini presently has an average rating of “Hold” and an average price target of $66.33.

Tutor Perini Company Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.