Wall Street Zen Upgrades Tutor Perini (NYSE:TPC) to Strong-Buy

Tutor Perini (NYSE:TPC) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also weighed in on the stock. UBS Group raised their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.50.

Tutor Perini Stock Up 0.0%

TPC opened at $84.22 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $78.23 and its 200 day moving average is $71.97. Tutor Perini has a fifty-two week low of $18.33 and a fifty-two week high of $89.51. The firm has a market capitalization of $4.43 billion, a P/E ratio of 55.41 and a beta of 2.11.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm earned ($1.49) earnings per share. The firm’s revenue was up 41.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Insider Activity

In related news, CEO Gary G. Smalley acquired 10,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were acquired at an average price of $73.24 per share, with a total value of $732,400.00. Following the completion of the transaction, the chief executive officer owned 91,479 shares in the company, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Arkley acquired 8,117 shares of the stock in a transaction on Friday, March 6th. The stock was bought at an average cost of $73.02 per share, for a total transaction of $592,703.34. Following the transaction, the director owned 216,717 shares of the company’s stock, valued at approximately $15,824,675.34. This trade represents a 3.89% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 35,000 shares of company stock worth $2,556,404. Insiders own 17.30% of the company’s stock.

Institutional Trading of Tutor Perini

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Tutor Perini by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company’s stock valued at $26,665,000 after purchasing an additional 54,248 shares during the period. Plato Investment Management Ltd raised its position in shares of Tutor Perini by 5,803.4% in the third quarter. Plato Investment Management Ltd now owns 6,966 shares of the construction company’s stock valued at $453,000 after purchasing an additional 6,848 shares during the period. Counterpoint Mutual Funds LLC raised its position in shares of Tutor Perini by 491.0% in the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company’s stock valued at $3,223,000 after purchasing an additional 40,824 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Tutor Perini by 39,576.5% in the third quarter. Hillsdale Investment Management Inc. now owns 67,450 shares of the construction company’s stock valued at $4,424,000 after purchasing an additional 67,280 shares during the period. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Tutor Perini in the third quarter valued at approximately $784,000. 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.