Tutor Perini Corporation (NYSE:TPC) Declares $0.06 Quarterly Dividend

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Tuesday, November 18th. Investors of record on Tuesday, December 9th will be given a dividend of 0.06 per share by the construction company on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, December 9th.

Tutor Perini Trading Up 3.1%

NYSE TPC traded up $1.82 on Tuesday, hitting $60.58. 611,715 shares of the company were exchanged, compared to its average volume of 645,506. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 1.32. Tutor Perini has a twelve month low of $18.33 and a twelve month high of $77.00. The firm has a market capitalization of $3.20 billion, a P/E ratio of -24.04 and a beta of 1.94. The company’s 50 day moving average price is $64.42 and its 200-day moving average price is $51.98.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Analysts Set New Price Targets

Several analysts have issued reports on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 11th. B. Riley reissued a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Finally, UBS Group boosted their price objective on shares of Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tutor Perini presently has an average rating of “Hold” and an average target price of $66.33.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.