Tutor Perini (NYSE:TPC) Reaches New 1-Year High – Should You Buy?

Tutor Perini Corporation (NYSE:TPC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $82.50 and last traded at $80.41, with a volume of 29132 shares traded. The stock had previously closed at $80.11.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group raised their price target on Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. B. Riley restated 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, January 21st. 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Tutor Perini Stock Up 2.7%

The company has a market capitalization of $4.34 billion, a P/E ratio of -154.33 and a beta of 2.20. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $71.04 and its 200 day moving average is $64.01.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 9th. Tutor Perini’s dividend payout ratio is currently -45.28%.

Insiders Place Their Bets

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

Institutional Trading of Tutor Perini

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after purchasing an additional 86,874 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Tutor Perini by 17.1% in the 3rd quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after buying an additional 197,169 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Tutor Perini by 19.2% in the 3rd quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after buying an additional 189,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tutor Perini by 1.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after buying an additional 10,898 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tutor Perini by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock valued at $49,094,000 after buying an additional 22,210 shares in the last quarter. Institutional investors 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.