Ronald Tutor Sells 2,310,000 Shares of Tutor Perini (NYSE:TPC) Stock

Tutor Perini Corporation (NYSE:TPC) Chairman Ronald Tutor sold 2,310,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the sale, the chairman owned 701,477 shares of the company’s stock, valued at $60,039,416.43. This trade represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tutor Perini Price Performance

Shares of TPC traded up $1.34 during trading hours on Wednesday, reaching $87.88. The company had a trading volume of 392,037 shares, compared to its average volume of 636,413. Tutor Perini Corporation has a 12-month low of $57.90 and a 12-month high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 37.88 and a beta of 2.06. The firm has a 50 day simple moving average of $85.37 and a 200-day simple moving average of $80.91.

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

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be given a $0.09 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio is 15.52%.

Hedge Funds Weigh In On Tutor Perini

Several large investors have recently modified their holdings of TPC. BlackRock Inc. purchased a new position in Tutor Perini in the 2nd quarter worth approximately $358,248,000. California State Teachers Retirement System boosted its stake in shares of Tutor Perini by 8,082.6% during the 2nd quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock worth $356,620,000 after acquiring an additional 4,245,650 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Tutor Perini during the 1st quarter valued at $59,754,000. Donald Smith & CO. Inc. purchased a new stake in shares of Tutor Perini in the 2nd quarter worth $40,407,000. Finally, Gendell Jeffrey L raised its holdings in Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after purchasing an additional 433,559 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TPC shares. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. UBS Group raised their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and an average target price of $105.00.

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.