Tutor Perini (NYSE:TPC) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Tutor Perini (NYSE:TPC) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.

Several other research firms have also issued reports on TPC. UBS Group lifted their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Tutor Perini from a “sell (d-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tutor Perini presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Tutor Perini Stock Performance

Tutor Perini stock opened at $88.97 on Monday. Tutor Perini has a 1-year low of $57.90 and a 1-year high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.68 billion, a P/E ratio of 38.35 and a beta of 2.06. The company’s 50-day moving average is $88.21 and its 200 day moving average is $82.47.

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 net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Research analysts forecast that Tutor Perini will post 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.4%. Tutor Perini’s dividend payout ratio is presently 15.52%.

Insider Activity

In related news, Director Dale Reiss sold 13,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. This represents a 30.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the sale, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,507,609 shares of company stock worth $216,823,719 over the last three months. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TPC. Silvant Capital Management LLC acquired a new stake in shares of Tutor Perini during the second quarter worth about $49,000. Allworth Financial LP purchased a new position in shares of Tutor Perini in the second quarter valued at approximately $53,000. Public Employees Retirement System of Ohio acquired a new position in shares of Tutor Perini in the second quarter valued at approximately $56,000. Meeder Asset Management Inc. purchased a new stake in Tutor Perini during the 2nd quarter worth approximately $99,000. Finally, Nykredit A S acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $125,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a major construction company that provides general contracting, construction management and design-build services. The company works on complex public and private projects, including transportation infrastructure, commercial buildings, healthcare facilities, hospitality properties, residential developments and institutional projects.

Tutor Perini operates through civil, building and specialty contractor businesses. Its civil construction activities include highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other heavy infrastructure.