Tutor Perini (NYSE:TPC) Stock Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tutor Perini shares rose above their 200-day moving average, reaching $84.14 and last trading at $83.19, though they remained below the 50-day average of $88.05.
• Analysts have a generally bullish view, with a consensus “Buy” rating and a $105 price target. The company also reported quarterly EPS of $1.74, well above the $0.67 estimate, while revenue increased 19.2% year over year.
• Despite the positive earnings and a dividend increase to $0.09 quarterly, insiders sold 2.51 million shares worth approximately $216.8 million in the last quarter, including substantial sales by the chairman and a director.

Tutor Perini Corporation (NYSE:TPC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $82.13 and traded as high as $84.14. Tutor Perini shares last traded at $83.19, with a volume of 408,133 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TPC shares. Wall Street Zen raised Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised Tutor Perini from a "sell (d-)" rating to a "hold (c+)" rating in a report on Tuesday, September 22nd. UBS Group lifted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Tutor Perini from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Tutor Perini has a consensus rating of "Buy" and a consensus target price of $105.00.

Tutor Perini Stock Performance

The firm's fifty day moving average price is $88.05 and its 200-day moving average price is $82.13. 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 company has a market cap of $4.38 billion, a P/E ratio of 35.86 and a beta of 2.06.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm's revenue for the quarter was up 19.2% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, research analysts forecast that Tutor Perini Corporation will post 5.39 EPS for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were given a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis 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 news, Chairman Ronald Tutor sold 2,310,000 shares of Tutor Perini stock in a transaction that occurred on 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 sale, the chairman owned 701,477 shares of the company's stock, valued at approximately $60,039,416.43. This trade represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sidney Feltenstein sold 184,209 shares of the business's stock in a transaction that occurred 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 sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,507,609 shares of company stock valued at $216,823,719. 15.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA grew its stake in shares of Tutor Perini by 768.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 60,858 shares of the construction company's stock valued at $4,698,000 after purchasing an additional 53,850 shares during the period. Bank of America Corp DE raised its holdings in shares of Tutor Perini by 74.2% in the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company's stock worth $37,142,000 after buying an additional 204,878 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Tutor Perini during the 2nd quarter worth approximately $3,085,000. Cvfg LLC bought a new position in shares of Tutor Perini during the 1st quarter worth approximately $4,013,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Tutor Perini by 66.6% during the 4th quarter. BNP Paribas Financial Markets now owns 246,557 shares of the construction company's stock worth $16,524,000 after buying an additional 98,557 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 major construction company that provides general contracting, construction management and design-build services. The company works on complex public and private projects, including transportation infrastructure, commercial buildings, healthcare facilities, hospitality properties, residential developments and institutional projects.

Tutor Perini operates through civil, building and specialty contractor businesses. Its civil construction activities include highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other heavy infrastructure.

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