Tutor Perini (NYSE:TPC) Sets New 12-Month High – Here’s What Happened

Tutor Perini Corporation (NYSE:TPC) reached a new 52-week high on Friday . The stock traded as high as $102.30 and last traded at $95.8630, with a volume of 1265668 shares trading hands. The stock had previously closed at $84.55.

Key Stories Impacting Tutor Perini

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Tutor Perini reported adjusted earnings of $1.74 per share, well above the $0.67 analyst consensus cited by MarketBeat and the $1.36 estimate cited by Zacks. Revenue increased 19.2% year over year to $1.64 billion, topping the $1.57 billion consensus. Earnings also rose from $0.38 per share in the prior-year quarter. Tutor Perini quarterly earnings report Tutor Perini Q2 earnings and revenues top estimates
• Positive Sentiment: Full-year earnings guidance was raised or reaffirmed above expectations. Management provided fiscal 2026 EPS guidance of $5.15 to $5.45, compared with the consensus estimate of $5.09. The midpoint of the range is approximately $5.30, suggesting continued confidence in earnings momentum. Tutor Perini Q2 earnings snapshot
• Positive Sentiment: Dividend increased. Tutor Perini declared a quarterly dividend of $0.09 per share, up 50% from $0.06. Shareholders of record on August 19 will receive payment on September 3; the annualized yield is approximately 0.4%. Tutor Perini dividend announcement
• Neutral Sentiment: Investor focus now shifts to execution. Despite the earnings beat, the reported net margin was only 1.37%, leaving profitability sensitive to project costs and execution. Management’s earnings-call discussion provides additional context on the outlook. Tutor Perini Q2 2026 earnings call transcript

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TPC. UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.00.

Tutor Perini Stock Up 13.4%

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average price is $78.99 and its 200 day moving average price is $79.26. The company has a market capitalization of $5.04 billion, a P/E ratio of 41.32 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last posted its earnings results 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 21.26%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. 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. As a group, equities research analysts predict that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s payout ratio is currently 16.33%.

Insider Activity at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the transaction, the director owned 149,410 shares in the company, valued at $11,259,537.60. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in shares of Tutor Perini by 74.7% in the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP lifted its holdings in Tutor Perini by 71.4% during the 4th quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after purchasing an additional 252 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after buying an additional 148 shares in the last quarter. 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.