Tutor Perini (NYSE:TPC) Director Peter Arkley Purchases 10,999 Shares

Tutor Perini Corporation (NYSE:TPC) Director Peter Arkley purchased 10,999 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $72.44 per share, with a total value of $796,767.56. Following the transaction, the director directly owned 208,600 shares in the company, valued at $15,110,984. This trade represents a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peter Arkley also recently made the following trade(s):

• On Friday, March 6th, Peter Arkley acquired 8,117 shares of Tutor Perini stock. The stock was bought at an average price of $73.02 per share, with a total value of $592,703.34.
• On Wednesday, March 4th, Peter Arkley purchased 5,884 shares of Tutor Perini stock. The stock was acquired at an average price of $73.85 per share, with a total value of $434,533.40.

Tutor Perini Stock Up 2.1%

Shares of TPC traded up $1.48 during trading hours on Friday, hitting $72.60. The company had a trading volume of 1,061,610 shares, compared to its average volume of 669,017. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 47.76 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.27. Tutor Perini Corporation has a 52-week low of $18.33 and a 52-week high of $89.51. The firm has a fifty day moving average price of $77.17 and a 200-day moving average price of $68.70.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the company posted ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be given a $0.06 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TPC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. B. Riley Financial restated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Finally, UBS Group lifted their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.50.

Hedge Funds Weigh In On Tutor Perini

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake 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 acquiring an additional 183 shares in the last quarter. Federated Hermes Inc. raised 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 buying an additional 357 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Tutor Perini by 968.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after buying an additional 426 shares during the period. EverSource Wealth Advisors LLC increased its stake in Tutor Perini by 54.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

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.