Tutor Perini (NYSE:TPC) Hits New 52-Week High – Still a Buy?

Tutor Perini Corporation (NYSE:TPC)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $102.30 and last traded at $95.8630, with a volume of 1265668 shares changing 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 Analyst Weigh In

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

Tutor Perini Stock Up 13.4%

The business’s fifty day simple moving average is $78.99 and its 200 day simple moving average is $79.26. 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 stock has a market cap of $5.04 billion, a price-to-earnings ratio of 41.32 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last issued 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. The company 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 21.26%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Equities analysts forecast that Tutor Perini Corporation will post 5.18 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

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

Insiders Place Their Bets

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 filing with the SEC, which can be accessed through the SEC website. Insiders own 15.40% of the company’s stock.

Institutional Trading of Tutor Perini

A number of institutional investors and hedge funds have recently modified their holdings of TPC. GSA Capital Partners LLP increased its stake in Tutor Perini by 73.6% during the 4th quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock worth $3,577,000 after purchasing an additional 22,631 shares in the last quarter. Altfest L J & Co. Inc. acquired a new position in shares of Tutor Perini in the fourth quarter valued at approximately $1,025,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Tutor Perini in the fourth quarter valued at approximately $875,000. Sierra Summit Advisors LLC bought a new stake in shares of Tutor Perini during the fourth quarter worth $896,000. Finally, Vanguard Group Inc. raised its holdings in shares of Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after acquiring an additional 86,874 shares during the period. 65.01% of the stock is owned by institutional investors.

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.