Brokerages Set Tutor Perini Corporation (NYSE:TPC) PT at $66.33

Tutor Perini Corporation (NYSE:TPC) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.3333.

Several research firms recently weighed in on TPC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday. B. Riley reissued a “buy” rating on shares of Tutor Perini in a research note on Thursday, November 6th. Finally, UBS Group lifted their target price on Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, November 6th.

Tutor Perini Stock Performance

NYSE TPC opened at $63.96 on Friday. The stock has a market cap of $3.37 billion, a PE ratio of -25.38 and a beta of 1.94. Tutor Perini has a twelve month low of $18.33 and a twelve month high of $77.00. The stock has a fifty day simple moving average of $64.25 and a 200-day simple moving average of $53.35. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.32.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. Tutor Perini’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.92) earnings per share. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Tutor Perini’s payout ratio is -45.28%.

Insiders Place Their Bets

In other Tutor Perini news, CEO Gary G. Smalley purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average price of $61.08 per share, with a total value of $305,400.00. Following the transaction, the chief executive officer directly owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. This represents a 4.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sidney J. Feltenstein sold 124,668 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $65.96, for a total transaction of $8,223,101.28. Following the completion of the transaction, the director owned 187,274 shares of the company’s stock, valued at approximately $12,352,593.04. This trade represents a 39.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 449,972 shares of company stock worth $28,603,112 in the last ninety days. 17.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tutor Perini

Large investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its holdings in Tutor Perini by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock worth $869,000 after acquiring an additional 182 shares in the last quarter. Quarry LP grew its stake in shares of Tutor Perini by 74.7% during the third quarter. Quarry LP now owns 428 shares of the construction company’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Tutor Perini by 3.1% in the second quarter. KLP Kapitalforvaltning AS now owns 9,900 shares of the construction company’s stock valued at $463,000 after buying an additional 300 shares during the last quarter. Savant Capital LLC raised its stake in Tutor Perini by 6.0% in the third quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock valued at $399,000 after buying an additional 342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tutor Perini by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,934 shares of the construction company’s stock worth $1,373,000 after buying an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Company Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.