Insider Selling: Tutor Perini (NYSE:TPC) Chairman Sells $197,712,900.00 in Stock

Tutor Perini Corporation (NYSE:TPC) Chairman Ronald Tutor sold 2,310,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the sale, the chairman owned 701,477 shares in the company, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tutor Perini Stock Performance

Shares of TPC opened at $88.25 on Friday. The firm has a 50-day moving average price of $85.77 and a 200 day moving average price of $81.03. The firm has a market capitalization of $4.64 billion, a PE ratio of 38.04 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Tutor Perini Corporation has a 52-week low of $57.90 and a 52-week 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 analysts’ consensus estimates of $0.67 by $1.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, sell-side analysts anticipate that Tutor Perini Corporation will post 5.48 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.09 per share. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. Tutor Perini’s payout ratio is 15.52%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Tutor Perini in the 2nd quarter valued at $358,248,000. California State Teachers Retirement System raised its holdings in 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 buying an additional 4,245,650 shares during the period. Vanguard Group Inc. lifted its stake in Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after buying an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Tutor Perini by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after buying an additional 12,573 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of 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 buying an additional 334,632 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

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.