Tutor Perini (NYSE:TPC) Director Robert Lieber Sells 10,000 Shares

Tutor Perini Corporation (NYSE:TPC) Director Robert Lieber sold 10,000 shares of Tutor Perini stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $74.25, for a total value of $742,500.00. Following the completion of the transaction, the director directly owned 164,573 shares of the company’s stock, valued at approximately $12,219,545.25. This represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tutor Perini Stock Down 2.4%

Shares of TPC traded down $1.86 during trading hours on Thursday, hitting $75.13. The company had a trading volume of 489,050 shares, compared to its average volume of 594,015. The firm has a fifty day moving average price of $79.92 and a 200-day moving average price of $74.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 51.11 and a beta of 2.18. Tutor Perini Corporation has a 52-week low of $34.32 and a 52-week high of $100.00.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, equities research analysts forecast that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio is presently 16.33%.

Wall Street Analyst Weigh In

TPC has been the subject of several recent analyst reports. UBS Group boosted their price target on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tutor Perini currently has an average rating of “Hold” and a consensus price target of $86.50.

Institutional Trading of Tutor Perini

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new stake in Tutor Perini during the 1st quarter valued at $59,754,000. Gendell Jeffrey L raised its stake in Tutor Perini by 95.0% during the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after buying an additional 433,559 shares during the last quarter. SG Americas Securities LLC raised its stake in Tutor Perini by 11,487.7% during the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock valued at $24,533,000 after buying an additional 362,895 shares during the last quarter. Fred Alger Management LLC boosted its position in Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock worth $74,114,000 after purchasing an additional 353,744 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock worth $104,893,000 after purchasing an additional 334,632 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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.