Tutor Perini (NYSE:TPC) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down ~15% — the stock fell from a $96.98 close to an $85.00 open and was trading around $83, as investors reacted to the company's latest results.
• Q1 delivered an EPS beat ($1.03 vs. $0.96) but a revenue miss ($1.39B vs. ~$1.44B) and showed thin profitability (net margin ~1.45%), which likely drove the short-term sell-off.
• Management set FY2026 guidance of $4.90–$5.30 (roughly in line with consensus), declared a $0.06 quarterly dividend, analysts hold a consensus “Hold” with an average price target of $86.50, and insiders have been buying shares recently.

Tutor Perini Corporation (NYSE:TPC - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $96.98, but opened at $85.00. Tutor Perini shares last traded at $83.0740, with a volume of 216,912 shares.

More Tutor Perini News

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Q1 EPS beat analyst expectations — non-GAAP EPS was $1.03 vs. consensus $0.96, and EPS improved significantly year-over-year, which supports earnings momentum. Tutor Perini (TPC) Surpasses Q1 Earnings Estimates
• Positive Sentiment: The board declared a quarterly cash dividend of $0.06 per share (payable June 4, 2026), a modest shareholder return that may steady some investors. Tutor Perini Declares Quarterly Dividend
• Neutral Sentiment: FY 2026 EPS guidance was provided at $4.90–$5.30, roughly in line with the consensus (4.90), which removes upside surprise risk but doesn’t materially change expectations. Tutor Perini Q1 results and guidance
• Neutral Sentiment: Earnings and call transcripts are available (detailed commentary on projects/backlog and margins can be reviewed), helpful for investors who want more color before repositioning. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations: $1.39B reported vs. ~$1.44B consensus, a sign projects/timing weighed on top line despite EPS beat — this likely drove short-term selling. Earnings & Revenue Details
• Negative Sentiment: Profitability and valuation are areas of concern: net margin was low (~1.45%) and the stock carries a high P/E (~51.7) with elevated beta, amplifying downside on mixed prints. Tutor Perini Stock Profile

Analysts Set New Price Targets

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

Tutor Perini Trading Down 15.3%

The stock's fifty day moving average price is $79.27 and its 200 day moving average price is $73.99. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.32 billion, a PE ratio of 54.03 and a beta of 2.18.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. On average, sell-side analysts forecast that Tutor Perini Corporation will post 4.72 EPS for the current year.

Tutor Perini Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Tutor Perini's payout ratio is presently 15.79%.

Insider Buying and Selling at Tutor Perini

In other news, CEO Gary G. Smalley acquired 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer directly owned 91,479 shares of the company's stock, valued at approximately $6,699,921.96. The trade was a 12.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Arkley acquired 8,117 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $73.02 per share, with a total value of $592,703.34. Following the acquisition, the director directly owned 216,717 shares of the company's stock, valued at $15,824,675.34. This trade represents a 3.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 35,000 shares of company stock valued at $2,556,404 in the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Tutor Perini

A number of hedge funds and other institutional investors have recently bought and sold shares of TPC. Comerica Bank raised its stake in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company's stock worth $56,000 after acquiring an additional 569 shares during the period. AQR Capital Management LLC increased its stake in shares of Tutor Perini by 42.0% in the first quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock worth $4,248,000 after purchasing an additional 54,204 shares in the last quarter. Millennium Management LLC increased its stake in shares of Tutor Perini by 165.2% in the first quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock worth $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tutor Perini by 13.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 580,821 shares of the construction company's stock valued at $13,463,000 after purchasing an additional 69,489 shares during the period. Finally, Norges Bank purchased a new position in shares of Tutor Perini during the 2nd quarter valued at $691,000. 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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