Tutor Perini (NYSE:TPC) Director Purchases 8,117 Shares

Tutor Perini Corporation (NYSE:TPC) Director Peter Arkley bought 8,117 shares of the stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $73.02 per share, with a total value of $592,703.34. Following the purchase, the director owned 216,717 shares of the company’s stock, valued at $15,824,675.34. The trade was a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 5th, Peter Arkley purchased 10,999 shares of Tutor Perini stock. The stock was acquired at an average price of $72.44 per share, for a total transaction of $796,767.56.
• On Wednesday, March 4th, Peter Arkley purchased 5,884 shares of Tutor Perini stock. The stock was acquired at an average cost of $73.85 per share, with a total value of $434,533.40.

Tutor Perini Stock Performance

Shares of NYSE:TPC traded up $1.48 during trading on Friday, reaching $72.60. 1,061,610 shares of the company’s stock traded hands, compared to its average volume of 669,017. The stock has a market capitalization of $3.83 billion, a P/E ratio of 47.76 and a beta of 2.23. Tutor Perini Corporation has a 12 month low of $18.33 and a 12 month high of $89.51. The company has a 50 day moving average of $77.17 and a 200-day moving average of $68.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.30.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.Tutor Perini’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.49) earnings per share. 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. Shareholders of record on Tuesday, March 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds have recently modified their holdings of the company. Comerica Bank raised its stake in shares of Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares in the last quarter. AQR Capital Management LLC grew its holdings in Tutor Perini by 42.0% during the first 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 position in Tutor Perini by 165.2% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its position in Tutor Perini by 13.6% in the first 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Tutor Perini in the 2nd quarter valued at about $452,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TPC has been the subject of several recent research reports. B. Riley Financial restated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. UBS Group boosted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.50.

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.