Tutor Perini (NYSE:TPC) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Tutor Perini shares rose above their 200-day moving average, reaching $85.35 and last trading at $84.28, compared with the $81.58 average.
• Analyst sentiment is broadly positive, with the stock carrying an average “Buy” rating and a $105 price target; several firms recently upgraded their ratings.
• The company reported strong quarterly results, including $1.74 in EPS versus a $0.67 estimate and 19.2% year-over-year revenue growth, while increasing its quarterly dividend to $0.09. However, insiders sold more than 2.5 million shares worth approximately $216.8 million in the last quarter.

Shares of Tutor Perini Corporation (NYSE:TPC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $81.58 and traded as high as $85.35. Tutor Perini shares last traded at $84.28, with a volume of 200,224 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Tutor Perini from a "sell (d-)" rating to a "hold (c+)" rating in a research report on Tuesday. UBS Group upped their price objective 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. Zacks Research upgraded shares of Tutor Perini from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Tutor Perini currently has an average rating of "Buy" and an average target price of $105.00.

Tutor Perini Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average price of $88.02 and a 200-day moving average price of $81.58. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 36.33 and a beta of 2.06.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping 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 analysts' expectations of $1.57 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The firm's revenue was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Research analysts predict that Tutor Perini Corporation will post 5.39 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date 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 (DPR) is presently 15.52%.

Insider Activity

In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the completion of the sale, the director directly owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction on Thursday, August 27th. The shares were 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 directly owned 31,203 shares of the company's stock, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,507,609 shares of company stock worth $216,823,719 in the last quarter. 15.40% of the stock is owned by corporate insiders.

Institutional Trading of Tutor Perini

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Tutor Perini by 54.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock valued at $36,000 after purchasing an additional 188 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company's stock valued at $41,000 after buying an additional 252 shares in the last quarter. State of Wyoming lifted its stake in shares of Tutor Perini by 3.7% in the first quarter. State of Wyoming now owns 9,848 shares of the construction company's stock valued at $760,000 after buying an additional 348 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Tutor Perini by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,571 shares of the construction company's stock valued at $360,000 after buying an additional 471 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Tutor Perini by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 8,140 shares of the construction company's stock valued at $546,000 after buying an additional 522 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Company Profile

Tutor Perini Corporation NYSE: TPC is a construction company that provides general contracting, construction management, and design-build services. Its activities span civil, building, and specialty contracting, with projects delivered for public agencies, commercial owners, and institutional clients.

The company's civil operations focus on major infrastructure, including highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and utility projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.