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

Core Insights - Tutor Perini, a construction firm focused on large infrastructure projects, experienced notable insider buying, particularly by Board member Peter Arkley, following a year of strong share price gains [1][9]. Transaction Summary - Peter Arkley purchased 40,000 shares for approximately $2.6 million, increasing his direct ownership to 191,717 shares valued at around $12.5 million post-transaction [2][6]. - The shares were acquired at a weighted average price of $64.12, while the stock closed at $65.16 on the transaction date [6]. Company Overview - Tutor Perini reported a total revenue of $5.10 billion and a net income of -$27.83 million for the trailing twelve months (TTM) [4]. - The company has 7,500 employees and experienced a 152.21% increase in share price over the past year [4]. Company Snapshot - Tutor Perini provides general contracting, construction management, and design-build services across civil infrastructure, building, and specialty contractor segments [5][7]. Market Context - The purchase by Mr. Arkley is significant as it marks his first open-market buy, representing a 26.36% increase in his direct holdings [6]. - The company is benefiting from the Bipartisan Infrastructure Law, which allocates over $1 trillion for infrastructure projects, contributing to revenue growth [10]. Financial Performance - In Q3, Tutor Perini reported revenue of $1.4 billion, a 31% year-over-year increase, and has a record backlog of customer orders totaling $21.6 billion, reflecting a 54% growth over 2024 [11]. - The company's price-to-sales ratio is at a multi-year high of 0.71, indicating that the stock may be considered pricey [12].