Tutor Perini (NYSE:TPC) Price Target Raised to $98.00 at UBS Group

Tutor Perini (NYSE:TPC) had its target price upped by analysts at UBS Group from $86.00 to $98.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 33.51% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. B. Riley Financial reiterated a “buy” rating on shares of Tutor Perini in a report on Thursday, November 6th. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.50.

Tutor Perini Stock Down 2.6%

Shares of NYSE TPC traded down $1.97 during mid-day trading on Monday, reaching $73.40. 789,703 shares of the company’s stock were exchanged, compared to its average volume of 642,291. Tutor Perini has a twelve month low of $18.33 and a twelve month high of $89.51. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 48.33 and a beta of 2.21. The business has a fifty day simple moving average of $76.93 and a 200 day simple moving average of $68.44.

Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. Tutor Perini had a return on equity of 18.15% and a net margin of 1.45%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned ($1.49) EPS. Tutor Perini’s revenue for the quarter was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in Tutor Perini by 4,166.1% in the 2nd quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock valued at $53,947,000 after purchasing an additional 1,126,182 shares during the last quarter. Prudential Financial Inc. raised its stake in Tutor Perini by 438.4% in the second quarter. Prudential Financial Inc. now owns 610,720 shares of the construction company’s stock valued at $28,569,000 after buying an additional 497,296 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Tutor Perini by 209.4% in the third quarter. Assenagon Asset Management S.A. now owns 720,405 shares of the construction company’s stock valued at $47,251,000 after buying an additional 487,529 shares during the last quarter. Gendell Jeffrey L boosted its stake in shares of Tutor Perini by 95.0% during the 4th quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after acquiring an additional 433,559 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Tutor Perini by 11,487.7% during the 4th quarter. SG Americas Securities LLC now owns 366,054 shares of the construction company’s stock worth $24,533,000 after acquiring an additional 362,895 shares during 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.