Tutor Perini (NYSE:TPC) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Tutor Perini (NYSE:TPC) from a buy rating to a strong-buy rating in a report published on Saturday.

A number of other equities research analysts have also recently commented on the stock. UBS Group upped their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two research 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.com, Tutor Perini presently has an average rating of “Hold” and a consensus target price of $105.00.

Tutor Perini Stock Performance

Shares of TPC opened at $99.25 on Friday. The company’s 50 day simple moving average is $79.55 and its 200-day simple moving average is $79.40. The firm has a market cap of $5.22 billion, a PE ratio of 42.78 and a beta of 2.05. Tutor Perini has a 12-month low of $53.83 and a 12-month high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the business earned $0.38 EPS. Tutor Perini’s quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities analysts predict that Tutor Perini will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. Tutor Perini’s payout ratio is presently 10.34%.

Insider Activity

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the transaction, the director directly owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of Tutor Perini

Hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after acquiring an additional 183 shares during the period. Federated Hermes Inc. lifted its holdings in 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 period. EverSource Wealth Advisors LLC lifted its holdings in Tutor Perini by 54.0% in the fourth 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. Allworth Financial LP boosted its position in shares of Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares in 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.