Tutor Perini Corporation (TPC) To Go Ex-Dividend on August 19th

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.09 per share by the construction company on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 19th. This is a 50.0% increase from Tutor Perini’s previous quarterly dividend of $0.06.

Tutor Perini has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tutor Perini to earn $5.69 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.2%.

Tutor Perini Stock Up 13.4%

NYSE TPC opened at $95.86 on Friday. Tutor Perini has a 1 year low of $53.83 and a 1 year high of $102.30. The stock has a market capitalization of $5.04 billion, a PE ratio of 41.32 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50-day moving average is $78.99 and its 200 day moving average is $79.26.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 21.26% and a net margin of 2.08%.The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $0.38 EPS. The business’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. Sell-side analysts forecast that Tutor Perini will post 5.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

TPC has been the subject of several research analyst reports. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group raised their price objective on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.00.

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.