Tutor Perini (NYSE:TPC) Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Tutor Perini from “Strong Buy” to “Buy.” Overall analyst sentiment is more cautious, with MarketBeat reporting an average “Hold” rating and a $107 consensus price target; UBS raised its target to $107 from $105 and maintained a Buy rating.
• Quarterly results beat analyst expectations: Tutor Perini reported EPS of $1.83 versus $1.34 expected and revenue of $1.72 billion versus $1.63 billion expected, with revenue up 21.5% year over year. The article also notes raised 2026 adjusted EPS guidance and a $20.4 billion backlog.
• Company insiders sold substantial amounts of stock. Chairman Ronald N. Tutor sold 2.31 million shares, reducing his holdings by 76.71%; Director Dale Reiss also sold 13,400 shares.

Tutor Perini (NYSE:TPC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on the company. UBS Group boosted their price objective on Tutor Perini from $105.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday. Zacks Research lowered shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Weiss Ratings downgraded Tutor Perini from a "buy (b-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $107.00.

Tutor Perini Stock Performance

NYSE:TPC opened at $89.11 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 33.75 and a beta of 2.12. Tutor Perini has a 1 year low of $57.90 and a 1 year high of $102.30. The business has a fifty day simple moving average of $83.80 and a two-hundred day simple moving average of $81.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The construction company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.49. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.63 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. On average, analysts expect that Tutor Perini will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dale Reiss sold 13,400 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the completion of the sale, the director owned 31,203 shares in the company, valued at $2,871,924.12. This represents a 30.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the sale, the chairman owned 701,477 shares in the company, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 15.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in Tutor Perini during the 3rd quarter worth $32,000. Silvant Capital Management LLC bought a new stake in shares of Tutor Perini in the 2nd quarter worth approximately $49,000. Allworth Financial LP bought a new stake in Tutor Perini during the 2nd quarter worth about $53,000. Public Employees Retirement System of Ohio acquired a new stake in Tutor Perini during the second quarter worth approximately $56,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Tutor Perini by 26.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company's stock valued at $66,000 after purchasing an additional 168 shares during the period. Institutional investors own 65.01% of the company's stock.

More Tutor Perini News

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

• Positive Sentiment: Tutor Perini reported record third-quarter results, with earnings of $1.83 per share versus the $1.34 consensus and revenue of $1.72 billion versus expectations of $1.63 billion. Revenue rose 21.5% year over year. Tutor Perini Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance. Reports also point to expanding margins, infrastructure demand and a substantial $20.4 billion backlog, reinforcing expectations for continued earnings growth. Q3 Earnings Call Highlights Higher Guidance and Backlog
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst confidence.
• Neutral Sentiment: Unusually high call-option trading—2,503 contracts versus an average of 153—may reflect bullish positioning, though options activity is speculative and does not guarantee future performance.
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3. The annualized yield is about 0.4%, a modest income component rather than a major growth catalyst. Quarterly Dividend Announcement

About Tutor Perini

Tutor Perini Corporation NYSE: TPC is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company's civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.

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