Tutor Perini (NYSE:TPC) Reaches New 1-Year High – Should You Buy?

Tutor Perini Corporation (NYSE:TPC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.30 and last traded at $76.34, with a volume of 58141 shares trading hands. The stock had previously closed at $75.27.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. UBS Group upped their price target on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, B. Riley reissued a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tutor Perini has an average rating of “Hold” and a consensus price target of $80.50.

Tutor Perini Trading Up 2.1%

The company has a market cap of $4.05 billion, a price-to-earnings ratio of -144.89 and a beta of 2.17. The firm has a 50 day moving average price of $68.16 and a two-hundred day moving average price of $62.12. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.31.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. Tutor Perini had a positive return on equity of 7.07% and a negative net margin of 0.55%.The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 9th. Tutor Perini’s dividend payout ratio (DPR) is currently -45.28%.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Peter Arkley bought 24,853 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $63.96 per share, for a total transaction of $1,589,597.88. Following the transaction, the director directly owned 176,570 shares in the company, valued at approximately $11,293,417.20. This trade represents a 16.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary G. Smalley bought 5,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $61.08 per share, with a total value of $305,400.00. Following the completion of the acquisition, the chief executive officer owned 118,075 shares of the company’s stock, valued at $7,212,021. This represents a 4.42% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 45,000 shares of company stock worth $2,870,313. 17.30% of the stock is owned by company insiders.

Institutional Trading of Tutor Perini

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Tutor Perini during the fourth quarter worth $257,000. Lesa Sroufe & Co raised its holdings in shares of Tutor Perini by 1.9% during the fourth quarter. Lesa Sroufe & Co now owns 72,497 shares of the construction company’s stock valued at $4,859,000 after purchasing an additional 1,326 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Tutor Perini by 276.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,234 shares of the construction company’s stock worth $150,000 after purchasing an additional 1,641 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tutor Perini by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the construction company’s stock valued at $284,000 after buying an additional 358 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in Tutor Perini by 2.8% in the 4th quarter. Thompson Davis & CO. Inc. now owns 12,286 shares of the construction company’s stock valued at $823,000 after buying an additional 331 shares in the last quarter. 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.