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

Tutor Perini (NYSE:TPC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. UBS Group increased their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $105.00.

Tutor Perini Stock Up 0.1%

Shares of NYSE:TPC opened at $99.25 on Friday. The business has a 50-day moving average price of $79.55 and a 200 day moving average price of $79.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.22 billion, a price-to-earnings 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.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts expect that Tutor Perini will post 5.48 EPS for the current year.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the business’s 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 sale, the director directly owned 149,410 shares in the company, valued at $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock worth $4,248,000 after acquiring an additional 54,204 shares in the last quarter. Millennium Management LLC increased its position in shares of 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 acquiring an additional 238,933 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Tutor Perini by 13.6% during the first quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock worth $13,463,000 after acquiring an additional 69,489 shares during the period. Finally, Norges Bank purchased a new stake in shares of Tutor Perini during the second quarter worth $691,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.