Tutor Perini (NYSE:TPC) Shares Gap Up – Still a Buy?

Tutor Perini Corporation (NYSE:TPC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $80.54, but opened at $85.75. Tutor Perini shares last traded at $86.8090, with a volume of 285,000 shares traded.

Wall Street Analysts Forecast Growth

TPC has been the subject of several research reports. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Finally, Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Tutor Perini Stock Up 0.8%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $4.60 billion, a PE ratio of 59.51 and a beta of 2.05. The business’s 50 day moving average is $76.90 and its 200-day moving average is $78.27.

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

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.06 dividend. The ex-dividend date 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 (DPR) is currently 16.33%.

Insider Transactions at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tutor Perini

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new position in shares of Tutor Perini during the first quarter worth about $59,754,000. Gendell Jeffrey L lifted its holdings in shares of Tutor Perini by 95.0% in the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock valued at $59,642,000 after purchasing an additional 433,559 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Tutor Perini by 11,487.7% in the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock valued at $24,533,000 after purchasing an additional 362,895 shares during the period. Fred Alger Management LLC boosted its position in shares of Tutor Perini by 47.0% in the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after purchasing an additional 353,744 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Tutor Perini by 32.7% in the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after purchasing an additional 334,632 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

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.