Tutor Perini (NYSE:TPC) Director Buys $975,315.33 in Stock

Tutor Perini Corporation (NYSE:TPC) Director Peter Arkley acquired 15,147 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $64.39 per share, with a total value of $975,315.33. Following the completion of the transaction, the director directly owned 191,717 shares of the company’s stock, valued at approximately $12,344,657.63. The trade was a 8.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 24th, Peter Arkley bought 24,853 shares of Tutor Perini stock. The stock was purchased at an average cost of $63.96 per share, for a total transaction of $1,589,597.88.

Tutor Perini Price Performance

Shares of NYSE TPC opened at $67.59 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of -26.82 and a beta of 1.94. The business’s 50 day moving average is $64.39 and its 200-day moving average is $53.94. 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 Corporation has a 1-year low of $18.33 and a 1-year high of $77.00.

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

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Tutor Perini’s dividend payout ratio (DPR) is currently -45.28%.

Analyst Ratings Changes

Several analysts have weighed in on TPC shares. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. B. Riley reaffirmed a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, October 8th. UBS Group increased their price target on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Three 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’s stock. Based on data from MarketBeat, Tutor Perini has an average rating of “Hold” and an average price target of $66.33.

Institutional Investors Weigh In On Tutor Perini

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tutor Perini by 75.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,363 shares of the construction company’s stock worth $542,000 after buying an additional 10,018 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Tutor Perini by 7.6% in the 1st quarter. Bank of New York Mellon Corp now owns 127,546 shares of the construction company’s stock valued at $2,957,000 after acquiring an additional 9,001 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Tutor Perini by 70.0% during the 1st quarter. Voya Investment Management LLC now owns 22,573 shares of the construction company’s stock valued at $523,000 after acquiring an additional 9,294 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Tutor Perini during the 1st quarter worth $54,000. Finally, Victory Capital Management Inc. acquired a new position in Tutor Perini in the 1st quarter worth about $1,244,000. 65.01% of the stock is owned by institutional investors.

About Tutor Perini

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.