Tutor Perini (NYSE:TPC) Stock Rating Upgraded by Zacks Research

Tutor Perini (NYSE:TPC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on TPC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, UBS Group lifted their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Tutor Perini Stock Performance

Shares of TPC opened at $92.49 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day moving average of $84.90 and a two-hundred day moving average of $80.85. The stock has a market cap of $4.87 billion, a P/E ratio of 39.87 and a beta of 2.05. Tutor Perini has a one year low of $56.62 and a one year high of $102.30.

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

Insider Buying and Selling

In related news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tutor Perini

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in shares of Tutor Perini by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the period. Quarry LP lifted its stake in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after buying an additional 188 shares in the last quarter. Allworth Financial LP boosted its holdings in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after buying an additional 252 shares in the last quarter. Finally, State of Wyoming grew its position in Tutor Perini by 3.7% during the first quarter. State of Wyoming now owns 9,848 shares of the construction company’s stock valued at $760,000 after buying an additional 348 shares during the period. Hedge funds and other 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.