Zacks Research Upgrades Tutor Perini (NYSE:TPC) to “Strong-Buy”

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

Other analysts have also issued reports about the company. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Finally, 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 research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Tutor Perini Stock Up 4.5%

Shares of TPC opened at $92.49 on Wednesday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 39.87 and a beta of 2.05. 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 business’s fifty day moving average price is $84.90 and its two-hundred day moving average price is $80.85. Tutor Perini has a 52 week low of $56.62 and a 52 week high of $102.30.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $0.38 EPS. The business’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. On average, analysts predict that Tutor Perini will post 5.48 earnings per share for the current year.

Insider Buying and Selling

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the transaction, the director owned 6,700 shares of the company’s stock, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Tutor Perini in the 2nd quarter valued at approximately $358,248,000. California State Teachers Retirement System grew its holdings in Tutor Perini by 8,082.6% during the second quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock valued at $356,620,000 after purchasing an additional 4,245,650 shares during the period. Vanguard Group Inc. increased its stake in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after purchasing an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tutor Perini by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after purchasing an additional 12,573 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings 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 worth $104,893,000 after purchasing an additional 334,632 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.