Tutor Perini (NYSE:TPC) Stock Rating Lowered by Zacks Research
by Danessa Lincoln · The Markets DailyTutor Perini (NYSE:TPC – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.
Several other equities analysts have also weighed in on the company. Weiss Ratings upgraded Tutor Perini from a “sell (d-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Wall Street Zen upgraded shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.00.
Check Out Our Latest Report on Tutor Perini
Tutor Perini Price Performance
Shares of NYSE:TPC opened at $88.97 on Monday. The company has a market cap of $4.68 billion, a P/E ratio of 38.35 and a beta of 2.06. Tutor Perini has a 12-month low of $57.90 and a 12-month high of $102.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $88.21 and its two-hundred day moving average is $82.47.
Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Equities analysts expect that Tutor Perini will post 5.39 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Tutor Perini news, Director Sidney Feltenstein sold 184,209 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This trade represents a 96.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total transaction of $1,233,336.00. Following the sale, the director owned 31,203 shares in the company, valued at approximately $2,871,924.12. This trade represents a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,507,609 shares of company stock worth $216,823,719. 15.40% of the stock is currently owned by company insiders.
Institutional Trading of Tutor Perini
Several large investors have recently made changes to their positions in TPC. WINTON GROUP Ltd acquired a new stake in Tutor Perini in the 2nd quarter valued at about $600,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $128,000. Nykredit A S acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $125,000. Corient Private Wealth LP bought a new position in Tutor Perini in the 2nd quarter worth approximately $453,000. Finally, Amundi raised its position in Tutor Perini by 80.5% in the 2nd quarter. Amundi now owns 8,401 shares of the construction company’s stock worth $697,000 after purchasing an additional 3,747 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.
About Tutor Perini
Tutor Perini Corporation (NYSE:TPC) is a major construction company that provides general contracting, construction management and design-build services. The company works on complex public and private projects, including transportation infrastructure, commercial buildings, healthcare facilities, hospitality properties, residential developments and institutional projects.
Tutor Perini operates through civil, building and specialty contractor businesses. Its civil construction activities include highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other heavy infrastructure.