Tutor Perini (NYSE:TPC) Upgraded at Zacks Research

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

A number of other brokerages have also weighed in on TPC. UBS Group lifted their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Tutor Perini Trading Up 4.5%

NYSE TPC opened at $92.49 on Wednesday. Tutor Perini has a one year low of $56.62 and a one year high of $102.30. 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 $4.87 billion, a P/E ratio of 39.87 and a beta of 2.05. The stock’s 50-day moving average is $84.90 and its 200-day moving average is $80.85.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share (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 business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $0.38 EPS. Tutor Perini’s quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts anticipate that Tutor Perini will post 5.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 6,700 shares in the company, valued at approximately $650,235. The trade was a 96.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

Several hedge funds have recently made changes to their positions in TPC. Quarry LP raised its holdings in shares of Tutor Perini by 74.7% in the third quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock worth $29,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 188 shares during the last quarter. Silvant Capital Management LLC bought a new position in Tutor Perini in the second quarter valued at $49,000. Finally, Allworth Financial LP increased its stake in Tutor Perini by 71.4% in the 4th 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 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.