Tutor Perini (NYSE:TPC) Stock Rating Upgraded by Zacks Research

Tutor Perini (NYSE:TPC) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

TPC has been the topic of several other reports. UBS Group boosted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tutor Perini currently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $82.97 on Monday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 56.44 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. Tutor Perini has a 12 month low of $43.52 and a 12 month high of $100.00. The stock’s 50 day moving average price is $79.44 and its 200 day moving average price is $77.11.

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

Insiders Place Their Bets

In related news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.