Tutor Perini (NYSE:TPC) Reaches New 12-Month High on Better-Than-Expected Earnings

Shares of Tutor Perini Corporation (NYSE:TPC) hit a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $89.51 and last traded at $89.41, with a volume of 1133805 shares. The stock had previously closed at $86.10.

The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.92 by $0.15. Tutor Perini had a positive return on equity of 7.07% and a negative net margin of 0.55%.The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted ($1.49) EPS. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 10th. Tutor Perini’s dividend payout ratio (DPR) is currently -45.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley Financial restated a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. UBS Group lifted their price target on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen lowered Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TPC. Vanguard Group Inc. grew its stake in Tutor Perini by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,009,860 shares of the construction company’s stock worth $201,721,000 after buying an additional 86,874 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Tutor Perini by 17.1% during the 3rd quarter. First Trust Advisors LP now owns 1,350,383 shares of the construction company’s stock worth $88,572,000 after acquiring an additional 197,169 shares during the period. American Century Companies Inc. boosted its position in shares of Tutor Perini by 19.2% during the 3rd quarter. American Century Companies Inc. now owns 1,179,380 shares of the construction company’s stock worth $77,356,000 after acquiring an additional 189,768 shares in the last quarter. Fred Alger Management LLC increased its stake in Tutor Perini by 47.0% in the fourth quarter. Fred Alger Management LLC now owns 1,105,848 shares of the construction company’s stock valued at $74,114,000 after acquiring an additional 353,744 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tutor Perini by 1.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock valued at $71,340,000 after purchasing an additional 10,898 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Up 3.8%

The firm has a 50 day simple moving average of $76.82 and a two-hundred day simple moving average of $68.17. The stock has a market capitalization of $4.72 billion, a P/E ratio of -168.69 and a beta of 2.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.31.

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.