Tutor Perini (NYSE:TPC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Tutor Perini Corporation (NYSE:TPC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.32 and traded as high as $69.47. Tutor Perini shares last traded at $68.93, with a volume of 187,117 shares changing hands.

Analyst Ratings Changes

TPC has been the topic of a number of research reports. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group increased their target price on shares of Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. Finally, B. Riley reissued a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. Two equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.50.

Tutor Perini Trading Up 0.4%

The firm has a fifty day moving average of $66.18 and a 200 day moving average of $58.32. The firm has a market capitalization of $3.64 billion, a PE ratio of -130.05 and a beta of 2.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30.

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

Tutor Perini Announces Dividend

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

Insider Transactions at Tutor Perini

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

Hedge Funds Weigh In On Tutor Perini

Institutional investors have recently made changes to their positions in the business. Quarry LP boosted its stake in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after buying an additional 183 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Tutor Perini by 968.2% in the third quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Comerica Bank boosted its stake in Tutor Perini by 30.7% during the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after acquiring an additional 569 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Tutor Perini during the 3rd quarter worth $72,000. Finally, AlphaQuest LLC grew its holdings in Tutor Perini by 849.2% during the 1st quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock worth $80,000 after acquiring an additional 3,074 shares in the last quarter. 65.01% of the stock is 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.