Tutor Perini (NYSE:TPC) Stock Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• Tutor Perini shares rose above their 50-day moving average of $83.80, reaching an intraday high of $89.89 and last trading at $89.11.
• The company reported record third-quarter results: earnings of $1.83 per share and revenue of $1.72 billion, both above analyst expectations; revenue increased 21.5% year over year.
• Management raised its 2026 adjusted EPS guidance, with a $20.4 billion backlog supporting growth prospects. Analyst views were mixed, though UBS raised its price target to $107 and kept a Buy rating.

Tutor Perini Corporation (NYSE:TPC - Get Free Report) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $83.80 and traded as high as $89.89. Tutor Perini shares last traded at $89.1050, with a volume of 1,283,283 shares.

Trending Headlines about Tutor Perini

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

Analyst Upgrades and Downgrades

TPC has been the topic of several research reports. Wall Street Zen lowered Tutor Perini from a "strong-buy" rating to a "buy" rating in a research note on Saturday. UBS Group increased their price target on Tutor Perini from $105.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday. Zacks Research cut shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Weiss Ratings downgraded shares of Tutor Perini from a "buy (b-)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.00.

Tutor Perini Price Performance

The firm's fifty day simple moving average is $83.80 and its 200-day simple moving average is $81.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.69 billion, a PE ratio of 33.75 and a beta of 2.12.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results on Wednesday, November 4th. The construction company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.49. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. Tutor Perini's revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts forecast that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Tutor Perini's dividend payout ratio is currently 15.52%.

Insider Activity at Tutor Perini

In related news, Chairman Ronald Tutor sold 2,310,000 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $85.59, for a total transaction of $197,712,900.00. Following the completion of the transaction, the chairman directly owned 701,477 shares in the company, valued at $60,039,416.43. The trade was a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director owned 31,203 shares in the company, valued at $2,871,924.12. This trade represents a 30.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 15.40% of the company's stock.

Hedge Funds Weigh In On Tutor Perini

Several large investors have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new position in shares of Tutor Perini during the second quarter valued at about $600,000. Copeland Capital Management LLC purchased a new position in shares of Tutor Perini during the third quarter valued at approximately $30,446,000. Bank of America Corp DE raised its holdings in shares of Tutor Perini by 74.2% during the first quarter. Bank of America Corp DE now owns 481,180 shares of the construction company's stock worth $37,142,000 after purchasing an additional 204,878 shares during the period. GSA Capital Partners LLP purchased a new position in Tutor Perini during the 2nd quarter valued at about $3,085,000. Finally, Hennessy Advisors Inc. bought a new stake in Tutor Perini in the second quarter valued at $8,397,000. 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 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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