Tutor Perini (NYSE:TPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tutor Perini (NYSE:TPC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other equities analysts also recently commented on TPC. UBS Group raised their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.00.

Tutor Perini Trading Up 0.0%

NYSE TPC opened at $99.12 on Friday. Tutor Perini has a one year low of $53.83 and a one year high of $102.30. The company’s 50 day moving average price is $80.05 and its 200 day moving average price is $79.61. 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 firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 42.72 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results 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 net margin of 2.08% and a return on equity of 20.95%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company posted $0.38 earnings per share. Tutor Perini’s revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, sell-side analysts predict that Tutor Perini will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is presently 10.34%.

Insider Activity

In other news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total value of $1,318,800.00. Following the sale, the director owned 149,410 shares in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.40% of the company’s stock.

Institutional Trading of Tutor Perini

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its holdings in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company’s stock valued at $4,248,000 after acquiring an additional 54,204 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Tutor Perini by 165.2% in the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company’s stock valued at $8,890,000 after acquiring an additional 238,933 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tutor Perini by 13.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company’s stock valued at $13,463,000 after acquiring an additional 69,489 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tutor Perini during the 2nd quarter valued at approximately $691,000. Institutional investors and hedge funds 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.