Tutor Perini (NYSE:TPC) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Tutor Perini from “buy” to “strong-buy,” though broader analyst sentiment remains mixed: MarketBeat lists a consensus “hold” rating and a $105 price target.
• Tutor Perini reported quarterly EPS of $1.74, exceeding the $0.67 consensus estimate, while revenue reached $1.64 billion, up 19.2% year over year and above expectations.
• The stock rose 3.6% to $99.25, near its 52-week high of $102.30; institutional investors own 65.01% of shares, while an insider recently sold 17,500 shares.

Tutor Perini (NYSE:TPC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

A number of other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Tutor Perini from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tutor Perini in a research report on Friday, July 17th. Finally, UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $105.00.

Tutor Perini Trading Up 3.6%

NYSE:TPC opened at $99.25 on Friday. The company has a market capitalization of $5.22 billion, a PE ratio of 42.78 and a beta of 2.05. Tutor Perini has a 52-week low of $53.83 and a 52-week high of $102.30. The stock's 50 day moving average price is $79.55 and its 200 day moving average price is $79.40. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.67 by $1.07. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company's quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, research analysts anticipate that Tutor Perini will post 5.48 EPS for the current year.

Insider Activity at Tutor Perini

In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the sale, the director directly owned 149,410 shares of the company's stock, valued at $11,259,537.60. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Tutor Perini in the 2nd quarter valued at $358,248,000. Vanguard Group Inc. lifted its stake in shares of Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company's stock worth $201,721,000 after purchasing an additional 86,874 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tutor Perini by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,732,254 shares of the construction company's stock worth $133,697,000 after buying an additional 12,573 shares during the period. First Trust Advisors LP grew its stake in shares of Tutor Perini by 32.7% in the first quarter. First Trust Advisors LP now owns 1,358,899 shares of the construction company's stock valued at $104,893,000 after buying an additional 334,632 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in shares of Tutor Perini by 47.0% during the 4th quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company's stock valued at $74,114,000 after buying an additional 353,744 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

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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