Tutor Perini (NYSE:TPC) Reaches New 52-Week High - Should You Buy?

Key Points

• 52-week high: Shares reached a new 52-week high near $90.01 (last $89.65) on Thursday with about 77,632 shares traded, and the stock was up roughly 7.2%.
• Analyst views mixed: UBS raised its price target to $98 and upgraded to Buy while Wall Street Zen calls it a Strong‑Buy and Weiss Ratings remains a Sell, leaving the MarketBeat consensus at a "Hold" with an average target of $86.50.
• Earnings and insider buying: Tutor Perini beat quarterly estimates (EPS $1.07 vs. $0.92; revenue $1.51B, +41.2% YoY), set FY2026 guidance of 4.90–5.30 EPS, and saw notable insider purchases by the CEO and a director, bringing insiders' ownership to about 15.4%.

Shares of Tutor Perini Corporation (NYSE:TPC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $90.01 and last traded at $89.6490, with a volume of 77632 shares. The stock had previously closed at $86.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TPC shares. UBS Group raised their price target on Tutor Perini from $86.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Tutor Perini from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 18th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Tutor Perini in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.50.

Tutor Perini Stock Up 7.2%

The company has a market capitalization of $4.85 billion, a PE ratio of 60.68 and a beta of 2.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day moving average of $78.66 and a two-hundred day moving average of $73.23.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.15. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned ($1.49) earnings per share. Tutor Perini's quarterly revenue was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts anticipate that Tutor Perini Corporation will post 4.72 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Tutor Perini's payout ratio is 15.79%.

Insider Buying and Selling at Tutor Perini

In related news, Director Peter Arkley bought 10,999 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $72.44 per share, with a total value of $796,767.56. Following the completion of the acquisition, the director owned 208,600 shares of the company's stock, valued at $15,110,984. This represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary G. Smalley bought 10,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $73.24 per share, for a total transaction of $732,400.00. Following the acquisition, the chief executive officer directly owned 91,479 shares of the company's stock, valued at approximately $6,699,921.96. This represents a 12.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 35,000 shares of company stock worth $2,556,404 in the last three months. Insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On Tutor Perini

A number of hedge funds have recently bought and sold shares of TPC. Quarry LP raised its position in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company's stock valued at $28,000 after purchasing an additional 183 shares during the period. Federated Hermes Inc. raised its position in Tutor Perini by 446.3% during the fourth quarter. Federated Hermes Inc. now owns 437 shares of the construction company's stock valued at $29,000 after purchasing an additional 357 shares during the period. Smartleaf Asset Management LLC raised its position in Tutor Perini by 968.2% during the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company's stock valued at $31,000 after purchasing an additional 426 shares during the period. EverSource Wealth Advisors LLC raised its position in Tutor Perini by 54.0% during the fourth 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 during the period. Finally, Allworth Financial LP raised its position in Tutor Perini by 71.4% during the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company's stock valued at $41,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

About Tutor Perini

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.

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