Insider Selling: Tutor Perini (NYSE:TPC) Director Sells $742,500.00 in Stock

Tutor Perini Corporation (NYSE:TPC) Director Robert Lieber sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $74.25, for a total value of $742,500.00. Following the completion of the sale, the director owned 164,573 shares in the company, valued at $12,219,545.25. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tutor Perini Stock Performance

TPC stock opened at $72.63 on Friday. 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 $3.82 billion, a price-to-earnings ratio of 49.41 and a beta of 2.18. Tutor Perini Corporation has a 1 year low of $34.82 and a 1 year high of $100.00. The stock’s fifty day moving average is $80.05 and its two-hundred day moving average is $74.93.

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

Tutor Perini Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently 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, May 9th. UBS Group lifted their price objective on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.50.

Institutional Investors Weigh In On Tutor Perini

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Tutor Perini by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company’s stock worth $26,665,000 after acquiring an additional 54,248 shares during the period. Plato Investment Management Ltd grew its holdings in Tutor Perini by 5,803.4% during the third quarter. Plato Investment Management Ltd now owns 6,966 shares of the construction company’s stock worth $453,000 after acquiring an additional 6,848 shares during the period. Counterpoint Mutual Funds LLC grew its holdings in Tutor Perini by 491.0% during the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company’s stock worth $3,223,000 after acquiring an additional 40,824 shares during the period. Vanguard Group Inc. grew its holdings in Tutor Perini by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock worth $191,719,000 after acquiring an additional 103,799 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in Tutor Perini by 39,576.5% during the third quarter. Hillsdale Investment Management Inc. now owns 67,450 shares of the construction company’s stock worth $4,424,000 after acquiring an additional 67,280 shares during the period. 65.01% of the stock is currently owned by institutional investors.

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.