Tutor Perini (NYSE:TPC) Director Sidney Feltenstein Sells 184,209 Shares

Tutor Perini Corporation (NYSE:TPC) Director Sidney Feltenstein sold 184,209 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director directly owned 6,700 shares of the company’s stock, valued at $650,235. The trade was a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tutor Perini Trading Down 1.0%

Shares of TPC stock opened at $97.58 on Wednesday. The company has a market capitalization of $5.13 billion, a P/E ratio of 42.06 and a beta of 2.05. 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 business’s 50 day moving average is $80.52 and its two-hundred day moving average is $79.77. Tutor Perini Corporation has a twelve month low of $53.83 and a twelve month high of $102.30.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Equities analysts forecast that Tutor Perini Corporation will post 5.48 EPS 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 dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is currently 10.34%.

Institutional Trading of Tutor Perini

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after buying an additional 183 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after acquiring an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after acquiring an additional 188 shares during the period. Silvant Capital Management LLC acquired a new stake in shares of Tutor Perini in the 2nd quarter worth approximately $49,000. Finally, Allworth Financial LP increased its stake in Tutor Perini by 71.4% in the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TPC. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. UBS Group lifted their price objective on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Tutor Perini Company Profile

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.