Tutor Perini (NYSE:TPC) Given New $98.00 Price Target at UBS Group

Tutor Perini (NYSE:TPC) had its price objective lifted by UBS Group from $86.00 to $98.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 33.51% from the company’s current price.

Several other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Finally, B. Riley Financial reiterated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.50.

Tutor Perini Stock Performance

Tutor Perini stock traded down $1.97 during trading hours on Monday, hitting $73.40. The company had a trading volume of 789,703 shares, compared to its average volume of 642,291. The firm has a 50-day moving average of $76.93 and a 200 day moving average of $68.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $3.87 billion, a PE ratio of 48.33 and a beta of 2.21. Tutor Perini has a one year low of $18.33 and a one year high of $89.51.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 18.15% and a net margin of 1.45%.The business’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.49) earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Institutional Trading of Tutor Perini

Several large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its stake in Tutor Perini by 4,166.1% during the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock worth $53,947,000 after acquiring an additional 1,126,182 shares in the last quarter. Prudential Financial Inc. increased its position in Tutor Perini by 438.4% during the 2nd quarter. Prudential Financial Inc. now owns 610,720 shares of the construction company’s stock worth $28,569,000 after purchasing an additional 497,296 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Tutor Perini by 209.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock worth $47,251,000 after purchasing an additional 487,529 shares in the last quarter. Gendell Jeffrey L boosted its position in Tutor Perini by 95.0% in the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after buying an additional 433,559 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Tutor Perini by 11,487.7% during the fourth quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock worth $24,533,000 after buying an additional 362,895 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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.