Tutor Perini (NYSE:TPC) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Tutor Perini (NYSE:TPC) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Finally, Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and an average price target of $86.50.

Tutor Perini Trading Up 1.3%

Shares of TPC stock opened at $82.97 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini has a twelve month low of $43.52 and a twelve month high of $100.00. The company’s 50-day moving average price is $79.44 and its 200-day moving average price is $77.11. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 56.44 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.65 earnings per share. Tutor Perini’s revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, equities analysts predict that Tutor Perini will post 5.18 earnings per share for the current year.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Tutor Perini’s dividend payout ratio is presently 16.33%.

Insiders Place Their Bets

In other Tutor Perini 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 owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of Tutor Perini

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its position in Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock worth $207,000 after buying an additional 171 shares during the period. Quarry LP boosted its position in shares of 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 buying an additional 183 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 188 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

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.