Dale Anne Reiss Sells 13,400 Shares of Tutor Perini (NYSE:TPC) Stock

Key Points

• Director Dale Anne Reiss sold 13,400 Tutor Perini shares for approximately $1.23 million, reducing her holdings by 30.04% to 31,203 shares.
• Tutor Perini reported strong quarterly results, with $1.74 in adjusted EPS and $1.64 billion in revenue, exceeding analyst expectations and posting 19.2% year-over-year revenue growth.
• The company raised its quarterly dividend from $0.06 to $0.09 per share, while analysts maintained a “Moderate Buy” consensus with an average price target of $105.

Tutor Perini Corporation (NYSE:TPC - Get Free Report) Director Dale Anne Reiss sold 13,400 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the transaction, the director owned 31,203 shares of the company's stock, valued at $2,871,924.12. The trade was a 30.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tutor Perini Stock Down 2.9%

Tutor Perini stock traded down $2.63 during mid-day trading on Friday, reaching $89.32. The company's stock had a trading volume of 410,231 shares, compared to its average volume of 639,835. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. Tutor Perini Corporation has a 12 month low of $56.62 and a 12 month high of $102.30. The business's 50 day simple moving average is $84.90 and its 200 day simple moving average is $80.85. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 38.50 and a beta of 2.05.

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

Tutor Perini Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.4%. This is a boost from Tutor Perini's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 19th. Tutor Perini's payout ratio is currently 15.52%.

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $358,248,000. California State Teachers Retirement System increased its holdings in shares of Tutor Perini by 8,082.6% during the 2nd quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company's stock worth $356,620,000 after acquiring an additional 4,245,650 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Tutor Perini during the 1st quarter worth approximately $59,754,000. Donald Smith & CO. Inc. bought a new stake in Tutor Perini in the 2nd quarter valued at $40,407,000. Finally, Gendell Jeffrey L raised its stake in Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company's stock valued at $59,642,000 after acquiring an additional 433,559 shares during the period. Institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

TPC has been the topic of several recent analyst reports. Wall Street Zen raised Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Zacks Research raised shares of Tutor Perini from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. UBS Group boosted their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tutor Perini in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Tutor Perini has an average rating of "Moderate Buy" and an average price target of $105.00.

About Tutor Perini

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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