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 business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Tutor Perini Stock Performance

Shares of NYSE TPC traded down $0.94 during trading hours on Tuesday, reaching $97.58. The stock had a trading volume of 438,339 shares, compared to its average volume of 658,603. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 42.06 and a beta of 2.05. Tutor Perini Corporation has a twelve month low of $53.83 and a twelve month high of $102.30. The business’s fifty day moving average is $80.05 and its two-hundred day moving average is $79.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, research analysts expect that Tutor Perini Corporation will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. Tutor Perini’s payout ratio is presently 15.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TPC shares. 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. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $105.00.

Institutional Trading of Tutor Perini

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares during the last quarter. AQR Capital Management LLC increased its holdings in Tutor Perini by 42.0% during the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after purchasing an additional 54,204 shares in the last quarter. Millennium Management LLC increased its holdings in Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Tutor Perini by 13.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after purchasing an additional 69,489 shares during the last quarter. Finally, Norges Bank acquired a new position in Tutor Perini in the second quarter worth $691,000. 65.01% of the stock is owned by 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.