Tutor Perini (NYSE:TPC) Director Dale Anne Reiss Sells 8,881 Shares of Stock

Tutor Perini Corporation (NYSE:TPC) Director Dale Reiss sold 8,881 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $93.57, for a total transaction of $830,995.17. Following the completion of the transaction, the director owned 26,982 shares of the company’s stock, valued at approximately $2,524,705.74. This represents a 24.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dale Anne Reiss also recently made the following trade(s):

• On Thursday, August 27th, Dale Reiss sold 13,400 shares of Tutor Perini stock. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $100.15 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day simple moving average is $84.64 and its 200-day simple moving average is $81.99. Tutor Perini Corporation has a twelve month low of $57.90 and a twelve month high of $102.30. The firm has a market cap of $5.26 billion, a P/E ratio of 37.94 and a beta of 2.12.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, November 4th. The construction company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.49. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. Tutor Perini had a net margin of 2.25% and a return on equity of 23.19%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. As a group, research analysts expect that Tutor Perini Corporation will post 6.03 EPS for the current fiscal year.

Tutor Perini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Tutor Perini’s dividend payout ratio is currently 13.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TPC. AlphaGrep UK Ltd acquired a new position in shares of Tutor Perini in the 3rd quarter worth approximately $246,000. First Trust Advisors LP increased its holdings in Tutor Perini by 14.9% during the 3rd quarter. First Trust Advisors LP now owns 2,084,206 shares of the construction company’s stock valued at $171,989,000 after purchasing an additional 270,764 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Tutor Perini during the 3rd quarter valued at $13,616,000. USS Investment Management Ltd acquired a new stake in Tutor Perini during the 3rd quarter valued at $338,000. Finally, Ieq Capital LLC raised its position in Tutor Perini by 161.8% in the 3rd quarter. Ieq Capital LLC now owns 27,059 shares of the construction company’s stock valued at $2,233,000 after purchasing an additional 16,725 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

TPC has been the subject of several analyst reports. UBS Group raised their target price on Tutor Perini from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, Weiss Ratings upgraded shares of Tutor Perini from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.00.

About Tutor Perini

Tutor Perini Corporation is a construction company that provides general contracting, construction management, and design-build services. Its work spans civil infrastructure, building construction, and specialty contracting, with projects for public agencies and private-sector clients. The company’s civil projects include transportation and infrastructure such as highways, bridges, tunnels, and transit systems. Its building work includes facilities for sectors such as healthcare, government, hospitality, and gaming, while its specialty contractors provide services including concrete, electrical, and mechanical construction.