Tutor Perini (NYSE:TPC) Director Peter Arkley Acquires 5,884 Shares
by Sarita Garza · The Markets DailyTutor Perini Corporation (NYSE:TPC – Get Free Report) Director Peter Arkley purchased 5,884 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $73.85 per share, with a total value of $434,533.40. Following the completion of the acquisition, the director owned 197,601 shares of the company’s stock, valued at approximately $14,592,833.85. The trade was a 3.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Peter Arkley also recently made the following trade(s):
- On Friday, March 6th, Peter Arkley purchased 8,117 shares of Tutor Perini stock. The shares were acquired at an average cost of $73.02 per share, for a total transaction of $592,703.34.
- On Thursday, March 5th, Peter Arkley bought 10,999 shares of Tutor Perini stock. The stock was bought at an average price of $72.44 per share, with a total value of $796,767.56.
Tutor Perini Trading Up 2.1%
Shares of NYSE:TPC traded up $1.48 during trading on Friday, reaching $72.60. 1,061,610 shares of the stock were exchanged, compared to its average volume of 669,017. Tutor Perini Corporation has a 12-month low of $18.33 and a 12-month high of $89.51. The firm’s 50-day moving average price is $77.17 and its 200 day moving average price is $68.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.27. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 47.76 and a beta of 2.23.
Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.92 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The business’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the business posted ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.
Tutor Perini Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Tutor Perini’s payout ratio is presently 15.79%.
Institutional Investors Weigh In On Tutor Perini
Hedge funds have recently modified their holdings of the business. Quarry LP lifted 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 buying an additional 183 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Tutor Perini by 446.3% in the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 188 shares during the period. Finally, Allworth Financial LP increased its position in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on TPC. B. Riley Financial restated a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group upped their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.50.
Read Our Latest Analysis on TPC
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.
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