Tutor Perini (NYSE:TPC) Reaches New 12-Month High – Here’s What Happened

Tutor Perini Corporation (NYSE:TPC)’s share price hit a new 52-week high on Friday . The stock traded as high as $77.00 and last traded at $75.61, with a volume of 32451 shares trading hands. The stock had previously closed at $75.17.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TPC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. B. Riley restated a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tutor Perini currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Tutor Perini Stock Performance

The firm’s 50-day moving average price is $67.21 and its two-hundred day moving average price is $61.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.96 billion, a PE ratio of -142.37 and a beta of 2.17.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. Tutor Perini had a negative net margin of 0.55% and a positive return on equity of 7.07%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted ($1.92) EPS. The company’s revenue was up 30.7% on a year-over-year basis. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 9th. Tutor Perini’s dividend payout ratio is currently -45.28%.

Insider Activity

In other Tutor Perini news, CEO Gary G. Smalley bought 5,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were bought at an average price of $61.08 per share, for a total transaction of $305,400.00. Following the acquisition, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This trade represents a 4.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Arkley purchased 24,853 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $63.96 per share, with a total value of $1,589,597.88. Following the completion of the acquisition, the director owned 176,570 shares of the company’s stock, valued at $11,293,417.20. This trade represents a 16.38% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 45,000 shares of company stock worth $2,870,313. Company insiders own 17.30% of the company’s stock.

Institutional Trading of Tutor Perini

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Tutor Perini by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the construction company’s stock worth $284,000 after purchasing an additional 358 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Tutor Perini by 2.8% in the fourth quarter. Thompson Davis & CO. Inc. now owns 12,286 shares of the construction company’s stock worth $823,000 after purchasing an additional 331 shares in the last quarter. SG Americas Securities LLC increased its position in 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. Diversified Trust Co. raised its holdings in Tutor Perini by 50.4% during the fourth quarter. Diversified Trust Co. now owns 7,639 shares of the construction company’s stock valued at $512,000 after buying an additional 2,560 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Tutor Perini by 131.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,572 shares of the construction company’s stock valued at $610,000 after buying an additional 4,861 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

Tutor Perini Company Profile

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.