Tutor Perini (NYSE:TPC) Shares Cross Above 200 Day Moving Average – What’s Next?

Tutor Perini Corporation (NYSE:TPC)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $81.31 and traded as high as $83.81. Tutor Perini shares last traded at $82.4010, with a volume of 348,988 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group increased their target price on Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Tutor Perini Price Performance

The stock’s 50-day moving average price is $84.46 and its 200 day moving average price is $81.33. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 34.29 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $1.07. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Equities research analysts predict that Tutor Perini Corporation will post 5.39 earnings per share for the current year.

Tutor Perini Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were given a dividend of $0.09 per share. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. Tutor Perini’s dividend payout ratio is 15.52%.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction on Friday, August 7th. The stock was sold at an average price of $97.05, for a total value of $17,877,483.45. Following the completion of the transaction, the director owned 6,700 shares in the company, valued at approximately $650,235. The trade was a 96.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the transaction, the chairman directly owned 701,477 shares in the company, valued at approximately $60,039,416.43. This represents a 76.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,507,609 shares of company stock worth $216,823,719 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Tutor Perini by 26.8% during the third quarter. Farther Finance Advisors LLC now owns 796 shares of the construction company’s stock worth $66,000 after purchasing an additional 168 shares during the period. Krilogy Financial LLC increased its holdings in Tutor Perini by 7.5% in the third quarter. Krilogy Financial LLC now owns 3,475 shares of the construction company’s stock valued at $290,000 after purchasing an additional 242 shares during the period. Samalin Investment Counsel LLC increased its holdings in Tutor Perini by 7.6% in the third quarter. Samalin Investment Counsel LLC now owns 3,544 shares of the construction company’s stock valued at $292,000 after purchasing an additional 251 shares during the period. Nisa Investment Advisors LLC raised its position in Tutor Perini by 17.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,782 shares of the construction company’s stock worth $147,000 after purchasing an additional 263 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Tutor Perini by 4.6% during the 3rd quarter. ProShare Advisors LLC now owns 6,283 shares of the construction company’s stock worth $518,000 after buying an additional 277 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.