Tutor Perini (NYSE:TPC) Shares Gap Up Following Better-Than-Expected Earnings

Key Points

• Tutor Perini shares surged after the company reported quarterly EPS of $1.74, well above the $0.67 analyst consensus, while revenue reached $1.64 billion versus expectations of $1.57 billion. Revenue increased 19.2% year over year.
• The company issued fiscal 2026 EPS guidance of $5.15–$5.45. Following the earnings announcement, shares opened at $94.82 compared with a prior close of $84.55 and last traded near $98.66.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a consensus price target of $86.50. Institutional investors own 65.01% of the stock, while a company director recently sold 17,500 shares.

Tutor Perini Corporation (NYSE:TPC - Get Free Report)'s stock price gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $84.55, but opened at $94.82. Tutor Perini shares last traded at $98.66, with a volume of 77,793 shares changing hands.

The construction company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $1.07. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.57 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The business's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS.

Analyst Ratings Changes

Several brokerages have weighed in on TPC. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tutor Perini in a research note on Friday, July 17th. Zacks Research cut Tutor Perini from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Tutor Perini from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. Finally, UBS Group restated a "buy" rating on shares of Tutor Perini in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tutor Perini currently has an average rating of "Hold" and a consensus target price of $86.50.

Insiders Place Their Bets

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the transaction, the director directly owned 149,410 shares of the company's stock, valued at approximately $11,259,537.60. This trade represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.40% of the stock is owned by company insiders.

Institutional Trading of Tutor Perini

Institutional investors have recently modified their holdings of the company. Comerica Bank grew its holdings in Tutor Perini by 30.7% during the first 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 lifted its holdings in Tutor Perini by 42.0% in the 1st quarter. AQR Capital Management LLC now owns 183,267 shares of the construction company's stock valued at $4,248,000 after acquiring an additional 54,204 shares during the last quarter. Millennium Management LLC boosted its position in shares of Tutor Perini by 165.2% during the 1st quarter. Millennium Management LLC now owns 383,530 shares of the construction company's stock valued at $8,890,000 after purchasing an additional 238,933 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of Tutor Perini in the 2nd quarter worth approximately $691,000. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. The company's 50 day moving average price is $78.54 and its 200-day moving average price is $79.12. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 68.41 and a beta of 2.05.

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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