Tutor Perini (NYSE:TPC) Sets New 12-Month High – Time to Buy?

Tutor Perini Corporation (NYSE:TPC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.40 and last traded at $97.2750, with a volume of 697193 shares traded. The stock had previously closed at $92.76.

Analysts Set New Price Targets

Several brokerages recently commented on TPC. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, UBS Group increased their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tutor Perini has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini Price Performance

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 simple moving average is $79.03 and its 200-day simple moving average is $73.76. The stock has a market capitalization of $5.12 billion, a P/E ratio of 64.00 and a beta of 2.18.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.15. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted ($1.49) earnings per share. The company’s quarterly revenue was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, sell-side analysts expect that Tutor Perini Corporation will post 4.72 EPS for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 10th. Tutor Perini’s dividend payout ratio is 15.79%.

Insider Activity

In related news, CEO Gary G. Smalley acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of $73.24 per share, with a total value of $732,400.00. Following the completion of the transaction, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This trade represents a 12.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Arkley acquired 10,999 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $72.44 per share, for a total transaction of $796,767.56. Following the completion of the transaction, the director directly owned 208,600 shares of the company’s stock, valued at approximately $15,110,984. This trade represents a 5.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 35,000 shares of company stock worth $2,556,404 over the last three months. Insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

Several large investors have recently modified their holdings of TPC. Allspring Global Investments Holdings LLC increased its position in Tutor Perini by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,571 shares of the construction company’s stock worth $360,000 after acquiring an additional 471 shares during the period. Principal Financial Group Inc. bought a new position in Tutor Perini during the first quarter worth about $59,754,000. Fifth Third Bancorp bought a new position in Tutor Perini during the first quarter worth about $304,000. Cvfg LLC bought a new position in Tutor Perini during the first quarter worth about $4,013,000. Finally, Hodges Capital Management Inc. increased its position in Tutor Perini by 28.4% during the first quarter. Hodges Capital Management Inc. now owns 74,471 shares of the construction company’s stock worth $5,748,000 after acquiring an additional 16,473 shares during the period. 65.01% of the stock is owned by institutional investors.

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.