Tutor Perini (NYSE:TPC) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Tutor Perini shares crossed above their 200-day moving average, trading as high as $83.81 versus the $81.31 average, though the 50-day moving average remains higher at $84.67.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus and a $105 target price, with two Buy and two Hold ratings.
• The company reported strong quarterly results, with EPS of $1.74 versus the $0.67 estimate and 19.2% year-over-year revenue growth. However, insiders sold more than $216 million in shares over the past 90 days, including a major sale by Chairman Ronald Tutor.

Tutor Perini Corporation (NYSE:TPC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $81.31 and traded as high as $83.81. Tutor Perini shares last traded at $82.4010, with a volume of 348,988 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. 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 report on Thursday, August 6th. Zacks Research lowered shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Wall Street Zen upgraded shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut shares of Tutor Perini from a "buy (b-)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

Tutor Perini Stock Performance

The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 35.52 and a beta of 2.06. The stock has a fifty day moving average price of $84.67 and a two-hundred day moving average price of $81.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC - Get Free Report) 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. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The business's revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, analysts forecast that Tutor Perini Corporation will post 5.39 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. This is an increase from Tutor Perini's previous quarterly dividend of $0.06. Tutor Perini's dividend payout ratio is 15.52%.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the sale, the director directly owned 31,203 shares of the company's stock, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the transaction, the chairman owned 701,477 shares of the company's stock, valued at $60,039,416.43. This trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,507,609 shares of company stock worth $216,823,719 over the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Several hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC purchased a new stake in shares of Tutor Perini during the 3rd quarter valued at $32,000. Silvant Capital Management LLC acquired a new stake in shares of Tutor Perini during the 2nd quarter worth $49,000. Allworth Financial LP acquired a new stake in shares of Tutor Perini during the 2nd quarter worth $53,000. Public Employees Retirement System of Ohio purchased a new position in shares of Tutor Perini in the 2nd quarter worth $56,000. Finally, Farther Finance Advisors LLC raised its position 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 worth $66,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Company Profile

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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