Tutor Perini (NYSE:TPC) Releases FY 2025 Earnings Guidance

Tutor Perini (NYSE:TPC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.000-4.200 for the period, compared to the consensus earnings per share estimate of 3.510. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 11th. UBS Group boosted their price objective on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Finally, B. Riley reiterated a “buy” rating on shares of Tutor Perini in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tutor Perini presently has a consensus rating of “Hold” and a consensus price target of $66.33.

Tutor Perini Stock Performance

Tutor Perini stock traded down $3.42 during trading hours on Friday, hitting $63.98. The company had a trading volume of 378,267 shares, compared to its average volume of 648,124. The firm has a 50-day moving average of $64.26 and a 200 day moving average of $49.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $3.37 billion, a PE ratio of -25.37 and a beta of 1.94. Tutor Perini has a one year low of $18.33 and a one year high of $77.00.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted ($1.92) earnings per share. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Insiders Place Their Bets

In related news, Director Sidney J. Feltenstein sold 124,668 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $65.96, for a total transaction of $8,223,101.28. Following the completion of the transaction, the director directly owned 187,274 shares of the company’s stock, valued at $12,352,593.04. This trade represents a 39.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ronald N. Tutor sold 83,144 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.94, for a total transaction of $5,399,371.36. Following the transaction, the chairman owned 4,062,985 shares of the company’s stock, valued at approximately $263,850,245.90. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 725,000 shares of company stock valued at $44,824,931 over the last 90 days. 17.30% of the stock is currently owned by company insiders.

Institutional Trading of Tutor Perini

Several institutional investors and hedge funds have recently modified their holdings of TPC. Millennium Management LLC grew its holdings in Tutor Perini by 165.2% during the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock worth $8,890,000 after buying an additional 238,933 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Tutor Perini by 397.2% during the second quarter. Cubist Systematic Strategies LLC now owns 292,077 shares of the construction company’s stock worth $13,663,000 after purchasing an additional 233,335 shares during the last quarter. Squarepoint Ops LLC increased its stake in Tutor Perini by 427.1% in the 2nd quarter. Squarepoint Ops LLC now owns 127,693 shares of the construction company’s stock valued at $5,973,000 after buying an additional 103,467 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Tutor Perini by 411.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 112,966 shares of the construction company’s stock worth $5,285,000 after buying an additional 90,884 shares in the last quarter. Finally, HRT Financial LP bought a new position in shares of Tutor Perini in the second quarter valued at approximately $3,480,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.