Tutor Perini (NYSE:TPC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Tutor Perini Corporation (NYSE:TPC) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $81.58 and traded as high as $85.35. Tutor Perini shares last traded at $84.28, with a volume of 200,224 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TPC shares. UBS Group upped their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Tutor Perini from a “sell (d-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $105.00.

Tutor Perini Stock Performance

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 cap of $4.42 billion, a P/E ratio of 36.17 and a beta of 2.06. The stock’s 50 day moving average is $88.11 and its two-hundred day moving average is $81.65.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities analysts predict that Tutor Perini Corporation will post 5.39 EPS for the current year.

Tutor Perini Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 19th. Tutor Perini’s dividend payout ratio (DPR) is currently 15.52%.

Insiders Place Their Bets

In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the completion of the transaction, the director directly owned 6,700 shares in the company, valued at $650,235. This represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, the director directly owned 31,203 shares of the company’s stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,507,609 shares of company stock worth $216,823,719 over the last three months. 15.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after buying an additional 188 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Tutor Perini during the second quarter worth approximately $49,000. Allworth Financial LP raised its stake in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after acquiring an additional 252 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tutor Perini in the 2nd quarter worth approximately $56,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Tutor Perini in the 2nd quarter worth approximately $99,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its activities span civil, building, and specialty contracting, with projects delivered for public agencies, commercial owners, and institutional clients.

The company’s civil operations focus on major infrastructure, including highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and utility projects.