Tutor Perini (NYSE:TPC) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Tutor Perini (NYSE:TPC) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Finally, UBS Group lifted their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Tutor Perini Trading Up 4.5%

NYSE TPC opened at $92.49 on Wednesday. Tutor Perini has a 1-year low of $56.62 and a 1-year high of $102.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $84.90 and a 200-day moving average of $80.85. The firm has a market cap of $4.87 billion, a PE ratio of 39.87 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 earnings per share 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 company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the business posted $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. As a group, sell-side analysts forecast that Tutor Perini will post 5.48 EPS for the current year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. This is a boost from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is presently 15.52%.

Insider Buying and Selling

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the company’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 transaction of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares of the company’s stock, valued at $650,235. This represents a 96.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Tutor Perini

A number of large investors have recently made changes to their positions in TPC. BlackRock Inc. bought a new position in shares of Tutor Perini during the second quarter valued at approximately $358,248,000. California State Teachers Retirement System boosted its holdings in Tutor Perini by 8,082.6% in the second quarter. California State Teachers Retirement System now owns 4,298,178 shares of the construction company’s stock valued at $356,620,000 after acquiring an additional 4,245,650 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Tutor Perini by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after acquiring an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Tutor Perini by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company’s stock valued at $133,697,000 after purchasing an additional 12,573 shares during the period. Finally, First Trust Advisors LP increased its position in Tutor Perini by 32.7% during the 1st quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company’s stock valued at $104,893,000 after purchasing an additional 334,632 shares during the period. 65.01% of the stock is currently 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.