Tutor Perini (NYSE:TPC) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Tutor Perini (NYSE:TPC) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on TPC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Stock Performance

Shares of TPC opened at $76.72 on Tuesday. Tutor Perini has a 12-month low of $43.52 and a 12-month high of $100.00. The stock has a market cap of $4.04 billion, a P/E ratio of 52.19 and a beta of 2.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $77.47 and a two-hundred day moving average of $78.73.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, research analysts predict that Tutor Perini will post 5.18 EPS for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 21st. Tutor Perini’s dividend payout ratio (DPR) is currently 16.33%.

Insider Buying and Selling at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 149,410 shares of the company’s stock, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 15.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new position in shares of Tutor Perini during the 1st quarter worth $59,754,000. Gendell Jeffrey L boosted its holdings in shares of Tutor Perini by 95.0% during the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after purchasing an additional 433,559 shares during the last quarter. Fred Alger Management LLC grew its position in shares of Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after purchasing an additional 353,744 shares during the period. First Trust Advisors LP grew its position 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 purchasing an additional 334,632 shares during the period. Finally, Millennium Management LLC increased its stake in Tutor Perini by 165.2% in the first 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 during the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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.