Robert Lieber Sells 17,500 Shares of Tutor Perini (NYSE:TPC) Stock

Tutor Perini Corporation (NYSE:TPC) Director Robert Lieber sold 17,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the sale, the director owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tutor Perini Price Performance

Tutor Perini stock opened at $71.35 on Friday. Tutor Perini Corporation has a 52 week low of $36.22 and a 52 week high of $100.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $80.36 and its 200 day simple moving average is $75.17. The firm has a market capitalization of $3.75 billion, a PE ratio of 48.54 and a beta of 2.18.

Tutor Perini (NYSE:TPC) last released 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 analyst estimates of $1.44 billion. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, equities research analysts predict that Tutor Perini Corporation will post 5.18 EPS for the current fiscal year.

Tutor Perini Dividend Announcement

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

TPC has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.50.

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.