Tutor Perini (NYSE:TPC) Sets New 12-Month High - Time to Buy?

Tutor Perini Corporation (NYSE:TPC - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $99.40 and last traded at $97.2750, with a volume of 697193 shares trading hands. The stock had previously closed at $92.76.

Analysts Set New Price Targets

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

Tutor Perini Price Performance

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 stock has a market cap of $5.12 billion, a P/E ratio of 64.00 and a beta of 2.18. The company's 50 day simple moving average is $79.03 and its 200 day simple moving average is $73.76.

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

Tutor Perini Dividend Announcement

The business also recently declared 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 0.2%. The ex-dividend date was Tuesday, March 10th. Tutor Perini's dividend payout ratio is 15.79%.

Insider Activity at Tutor Perini

In related news, Director Peter Arkley purchased 10,999 shares of Tutor Perini stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $72.44 per share, for a total transaction of $796,767.56. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Smalley purchased 10,000 shares of Tutor Perini stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $73.24 per share, with a total value 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 trade represents a 12.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 35,000 shares of company stock valued at $2,556,404 in the last quarter. Corporate insiders own 15.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Tutor Perini by 31.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company's stock valued at $42,000 after buying an additional 148 shares during the period. State of Alaska Department of Revenue boosted its holdings in Tutor Perini by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 3,103 shares of the construction company's stock worth $207,000 after purchasing an additional 171 shares during the last quarter. Arizona State Retirement System boosted its holdings in Tutor Perini by 1.4% during the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company's stock worth $869,000 after purchasing an additional 182 shares during the last quarter. Quarry LP boosted its holdings in Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Tutor Perini by 54.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company's stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Company Profile

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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