Is Tutor Perini Stock a Buy After an Insider Acquired Shares in the Company Worth $2.6 Million?

Peter Arkley, a member of the Board of Directors of Tutor Perini (NYSE:TPC), acquired 40,000 shares through open-market purchases on November 24 and November 25, 2025, increasing direct ownership to 191,717 shares according to the SEC Form 4 filing.

Transaction summary

Transaction value based on SEC Form 4 weighted average purchase price ($64.12).

Key questions

• What is the significance of this purchase in context of Peter Arkley's historical trading activity?
  This is Mr. Arkley’s first reported open-market purchase of Tutor Perini shares, with all previous Form 4 events over the last two and a half years classified as administrative rather than market purchases or sales. The 40,000-share acquisition represents a 26.36% increase in his direct holdings, a substantial change relative to his prior activity.
• How does the transaction value compare to Mr. Arkley's existing stake?
  The ~$2.6 million invested in this transaction brings Mr. Arkley’s direct ownership to 191,717 shares, valued at approximately ~$12.5 million as of November 25, 2025. This increases his direct economic exposure and signals conviction in the company’s equity at current valuation levels.
• What was the market environment at the time of purchase?
  The purchases were executed at a weighted average price of $64.12 per share, while Tutor Perini shares closed at $65.16 on November 25, 2025. The company’s stock had appreciated 152.21% over the prior twelve months as of the transaction date, indicating Mr. Arkley’s purchase occurred following a period of significant price appreciation.
• How material is Mr. Arkley's ownership position post-transaction?
  Following this transaction, Mr. Arkley directly owns 0.3635% of Tutor Perini’s outstanding shares, a level that places him among the more sizable individual direct shareholders, though still well below thresholds for control or board-level influence.

Company overview

* 1-year price change calculated using November 25th, 2025 as the reference date.

Company snapshot

• Tutor Perini provides general contracting, construction management, and design-build services across civil infrastructure, building, and specialty contractor segments.
• The company generates revenue through large-scale public and private construction projects, including highways, bridges, mass transit systems, commercial buildings, and specialty systems installation.
• Tutor Perini serves government agencies, transportation authorities, and private sector clients in the United States and internationally.

Tutor Perini Corporation operates as a leading diversified construction services provider, leveraging over a century of industry experience to deliver complex infrastructure and building projects. Its integrated business model allows the company to manage end-to-end project execution, from planning and design through specialty systems installation.

Scale, technical expertise, and a broad customer base position Tutor Perini to compete for high-value civil and building contracts in both public and private markets.

Foolish take

Mr. Arkley’s purchase of Tutor Perini shares merits attention because it was his first open-market buy, and it was of significant size, coming not long after the stock hit a 52-week high of $77 on Nov. 6. Buying so soon after the stock reached a high suggests, Mr. Arkley believes Tutor Perini has more upside ahead. That perspective is understandable given the company's performance.

Tutor Perini is benefiting from the passage of the Bipartisan Infrastructure Law, which allocates over $1 trillion to rebuild and upgrade America's infrastructure. The ensuing construction projects feeds into the company's revenue growth.

For example, in the third quarter, Tutor Perini reported revenue of $1.4 billion, an impressive 31% year-over-year increase. Not only that, the company has amassed a record backlog of customer orders totaling $21.6 billion at the end of Q3. This represents jaw-dropping 54% growth over 2024.

Given Tutor Perini's outstanding performance, and anticipated revenue expansion thanks to its large backlog, Mr. Arkley’s buy makes sense. However, the company's price-to-sales ratio is at a multi-year high of 0.71, suggesting the stock is on the pricey side. Tutor Perini looks like a worthwhile stock to invest in; just wait for shares to drop a bit before deciding to buy.

Glossary

Open-market purchase: Buying shares directly on a public exchange, rather than through private transactions or company-issued grants.
SEC Form 4: A required filing disclosing insider trades by company officers, directors, or major shareholders.
Direct ownership: Shares held personally by an individual, not through trusts, funds, or indirect entities.
Weighted average purchase price: The average price paid per share, accounting for different prices across multiple trades in a transaction.
Administrative transaction: Insider activity such as option exercises or restricted stock grants, not involving open-market buying or selling.
Economic exposure: The total financial interest or risk an individual has in the value of an asset or company.
Outstanding shares: Total shares of a company currently held by all shareholders, including insiders and the public.
Control threshold: The ownership level at which a shareholder can influence major company decisions, often much higher than typical insider stakes.
Board-level influence: The ability of a shareholder to affect decisions made by a company's board of directors.
TTM: The 12-month period ending with the most recent quarterly report.
Design-build services: A project delivery method where a single entity handles both design and construction for a client.
Specialty contractor: A company or division focused on specific construction tasks, such as electrical, plumbing, or systems installation.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.