Tutor Perini (NYSE:TPC) Shares Gap Up – Here’s Why

Shares of Tutor Perini Corporation (NYSE:TPC) gapped up prior to trading on Tuesday . The stock had previously closed at $80.54, but opened at $85.75. Tutor Perini shares last traded at $86.8090, with a volume of 285,000 shares.

Analyst Ratings Changes

TPC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday. Zacks Research raised Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Tutor Perini Stock Up 8.3%

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.59 billion, a PE ratio of 59.39 and a beta of 2.05. The company’s fifty day moving average is $76.68 and its 200-day moving average is $77.99.

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

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini’s payout ratio is presently 16.33%.

Insider Buying and Selling

In other Tutor Perini 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 transaction, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Tutor Perini

A number of large investors have recently made changes to their positions in TPC. Smartleaf Asset Management LLC lifted its stake in shares of Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock worth $42,000 after purchasing an additional 148 shares during the period. State of Alaska Department of Revenue grew its position in Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company’s stock valued at $207,000 after buying an additional 171 shares during the period. Quarry LP grew its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after buying an additional 183 shares during the period. EverSource Wealth Advisors LLC grew its position in Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock valued at $36,000 after buying an additional 188 shares during the period. Finally, Allworth Financial LP increased its holdings in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock valued at $41,000 after buying an additional 252 shares during the last quarter. 65.01% of the stock is currently 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.