Tutor Perini (NYSE:TPC) Sets New 12-Month High – Here’s Why

Tutor Perini Corporation (NYSE:TPC)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $77.30 and last traded at $76.34, with a volume of 58141 shares changing hands. The stock had previously closed at $75.27.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TPC shares. B. Riley reissued a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group upped their target price on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Tutor Perini Trading Up 2.1%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $4.05 billion, a P/E ratio of -144.89 and a beta of 2.17. The firm has a fifty day moving average price of $68.16 and a 200-day moving average price of $62.12.

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

Tutor Perini Dividend Announcement

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

Insider Transactions at Tutor Perini

In related news, CEO Gary G. Smalley bought 5,000 shares of Tutor Perini stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average cost of $61.08 per share, with a total value of $305,400.00. Following the transaction, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. The trade was a 4.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Arkley purchased 24,853 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average cost of $63.96 per share, for a total transaction of $1,589,597.88. Following the acquisition, the director directly owned 176,570 shares in the company, valued at $11,293,417.20. This trade represents a 16.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 45,000 shares of company stock worth $2,870,313. Corporate insiders own 17.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its position in Tutor Perini by 1.4% during the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock worth $869,000 after purchasing an additional 182 shares during the period. Quarry LP boosted its holdings in Tutor Perini by 74.7% in the 3rd 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. KLP Kapitalforvaltning AS grew its stake in Tutor Perini by 3.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the construction company’s stock valued at $463,000 after buying an additional 300 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Tutor Perini by 2.8% during the 4th quarter. Thompson Davis & CO. Inc. now owns 12,286 shares of the construction company’s stock valued at $823,000 after acquiring an additional 331 shares during the period. Finally, Savant Capital LLC lifted its position in shares of Tutor Perini by 6.0% during the third quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock worth $399,000 after acquiring an additional 342 shares in the last quarter. Institutional investors 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.