Tutor Perini (NYSE:TPC) Rating Lowered to “Hold” at Zacks Research

Tutor Perini (NYSE:TPC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in 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 cut shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tutor Perini currently has a consensus rating of “Hold” and a consensus price target of $86.50.

Tutor Perini Trading Down 6.4%

NYSE:TPC opened at $76.72 on Tuesday. The business’s 50-day simple moving average is $77.47 and its 200-day simple moving average is $78.73. Tutor Perini has a fifty-two week low of $43.52 and a fifty-two week high of $100.00. 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 stock has a market capitalization of $4.04 billion, a PE ratio of 52.19 and a beta of 2.05.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Sell-side analysts expect that Tutor Perini will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Tutor Perini

In other news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the sale, the director directly owned 149,410 shares in the company, valued at approximately $11,259,537.60. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its stake in shares of Tutor Perini by 73.6% in the 4th quarter. GSA Capital Partners LLP now owns 53,367 shares of the construction company’s stock valued at $3,577,000 after purchasing an additional 22,631 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in Tutor Perini in the fourth quarter valued at about $1,025,000. Sierra Summit Advisors LLC acquired a new position in Tutor Perini during the fourth quarter worth about $896,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tutor Perini during the fourth quarter worth about $875,000. Finally, Vanguard Group Inc. boosted its stake in shares of Tutor Perini by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock valued at $201,721,000 after purchasing an additional 86,874 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

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.