Tutor Perini (NYSE:TPC) Director Sells $17,877,483.45 in Stock

Tutor Perini Corporation (NYSE:TPC) Director Sidney Feltenstein sold 184,209 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tutor Perini Stock Down 1.2%

TPC stock opened at $94.95 on Friday. The company has a fifty day moving average price of $81.44 and a 200 day moving average price of $80.04. Tutor Perini Corporation has a 12 month low of $53.83 and a 12 month high of $102.30. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 40.93 and a beta of 2.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

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

Tutor Perini Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 19th. Tutor Perini’s payout ratio is currently 10.34%.

Analysts Set New Price Targets

TPC has been the topic of several recent research reports. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. UBS Group lifted their target price on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tutor Perini presently has an average rating of “Hold” and a consensus target price of $105.00.

Institutional Trading of Tutor Perini

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Algert Global LLC raised its holdings in Tutor Perini by 17.0% during the second quarter. Algert Global LLC now owns 383,138 shares of the construction company’s stock worth $31,789,000 after purchasing an additional 55,584 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Tutor Perini in the second quarter valued at about $1,960,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Tutor Perini in the 2nd quarter valued at approximately $4,171,000. Globeflex Capital L P purchased a new stake in Tutor Perini in the 2nd quarter valued at approximately $5,556,000. Finally, Commerce Bank purchased a new position in shares of Tutor Perini during the 2nd quarter worth approximately $426,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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.