Tutor Perini (NYSE:TPC) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Tutor Perini Corporation (NYSE:TPC)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $83.80 and traded as high as $89.89. Tutor Perini shares last traded at $89.1050, with a volume of 1,283,283 shares traded.

Tutor Perini News Summary

Here are the key news stories impacting Tutor Perini this week:

• Positive Sentiment: Tutor Perini reported record third-quarter results, with earnings of $1.83 per share versus the $1.34 consensus and revenue of $1.72 billion versus expectations of $1.63 billion. Revenue rose 21.5% year over year. Tutor Perini Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance. Reports also point to expanding margins, infrastructure demand and a substantial $20.4 billion backlog, reinforcing expectations for continued earnings growth. Q3 Earnings Call Highlights Higher Guidance and Backlog
• Positive Sentiment: UBS raised its price target to $107 from $105 and maintained a Buy rating, signaling continued analyst confidence.
• Neutral Sentiment: Unusually high call-option trading—2,503 contracts versus an average of 153—may reflect bullish positioning, though options activity is speculative and does not guarantee future performance.
• Neutral Sentiment: The company declared a quarterly dividend of $0.09 per share, payable December 3. The annualized yield is about 0.4%, a modest income component rather than a major growth catalyst. Quarterly Dividend Announcement

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPC shares. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings cut Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, UBS Group boosted their price objective on Tutor Perini from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.00.

Tutor Perini Trading Up 8.9%

The company has a 50 day moving average of $83.80 and a two-hundred day moving average of $81.54. The stock has a market cap of $4.69 billion, a PE ratio of 33.75 and a beta of 2.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 4th. The construction company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.49. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.63 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Sell-side analysts anticipate that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Tutor Perini’s dividend payout ratio is 15.52%.

Insiders Place Their Bets

In other news, 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 transaction of $197,712,900.00. Following the sale, the chairman directly owned 701,477 shares of the company’s stock, valued at $60,039,416.43. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dale Reiss sold 13,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the completion of the transaction, the director directly owned 31,203 shares in the company, valued at $2,871,924.12. The trade was a 30.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Tutor Perini

Hedge funds have recently made changes to their positions in the company. Diversified Trust Co grew its stake in shares of Tutor Perini by 5.7% in the third quarter. Diversified Trust Co now owns 23,986 shares of the construction company’s stock worth $1,979,000 after acquiring an additional 1,284 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Tutor Perini by 40.6% during the third quarter. Russell Investments Group Ltd. now owns 318,428 shares of the construction company’s stock valued at $26,277,000 after acquiring an additional 92,006 shares during the period. Fifth Third Bancorp raised its position in shares of Tutor Perini by 273.0% during the third quarter. Fifth Third Bancorp now owns 14,242 shares of the construction company’s stock worth $1,175,000 after acquiring an additional 10,424 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of Tutor Perini in the third quarter valued at about $829,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Tutor Perini in the 3rd quarter valued at approximately $1,879,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

About Tutor Perini

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.