Tutor Perini (NYSE:TPC) Stock Sees Heavy Call Option Buying

Tutor Perini Corporation (NYSE:TPC) saw unusually large options trading on Friday. Investors acquired 2,503 call options on the company. This is an increase of approximately 1,536% compared to the average daily volume of 153 call options.

Insider Transactions at Tutor Perini

In other news, Chairman Ronald Tutor sold 2,310,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dale Reiss sold 13,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, the director directly owned 31,203 shares in the company, valued at approximately $2,871,924.12. This represents a 30.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 15.40% of the stock is owned by insiders.

Institutional Trading of Tutor Perini

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Tutor Perini in the 3rd quarter valued at $32,000. Silvant Capital Management LLC bought a new stake in Tutor Perini in the second quarter valued at $49,000. Allworth Financial LP acquired a new position in Tutor Perini during the second quarter worth $53,000. Public Employees Retirement System of Ohio acquired a new position in Tutor Perini during the second quarter worth $56,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Tutor Perini by 26.8% during the third quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company’s stock valued at $66,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Key Headlines Impacting Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record Q3 results: adjusted earnings of $1.83 per share topped the $1.34 consensus estimate, while revenue of $1.72 billion exceeded forecasts and grew 21.5% year over year. The company also raised its 2026 adjusted EPS outlook. Tutor Perini Q3 results and guidance
• Positive Sentiment: Management cited expanding margins, strong infrastructure demand and a substantial $20.4 billion backlog as support for the improved outlook. Q3 earnings-call highlights
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst optimism. UBS ratings
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3 to shareholders of record November 19. The modest payout provides some shareholder return but is unlikely to be a major earnings catalyst. Dividend announcement
• Negative Sentiment: One Q3 analysis flagged a decline in backlog, which could temper the otherwise strong results if it signals softer future project awards. Q3 deep dive

Analyst Upgrades and Downgrades

TPC has been the subject of a number of analyst reports. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings lowered shares of Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, UBS Group boosted their target price on shares of Tutor Perini from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Tutor Perini currently has a consensus rating of “Hold” and an average price target of $107.00.

Tutor Perini Stock Performance

NYSE TPC traded up $5.15 during midday trading on Friday, hitting $87.00. The company had a trading volume of 226,707 shares, compared to its average volume of 597,953. The firm has a fifty day simple moving average of $83.87 and a two-hundred day simple moving average of $81.47. Tutor Perini has a fifty-two week low of $57.90 and a fifty-two week high of $102.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 32.81 and a beta of 2.12.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 4th. The construction company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.49. Tutor Perini had a net margin of 2.25% and a return on equity of 23.58%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. Equities analysts forecast that Tutor Perini will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a $0.09 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.