Tutor Perini (NYSE:TPC) Shares Gap Down – Here’s What Happened

Tutor Perini Corporation (NYSE:TPC)’s share price gapped down before the market opened on Friday . The stock had previously closed at $89.38, but opened at $79.21. Tutor Perini shares last traded at $82.1310, with a volume of 1,176,323 shares changing hands.

Tutor Perini News Roundup

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

• Positive Sentiment: Q4 outperformance — Tutor Perini reported $1.07 EPS vs. $0.92 expected and revenue of $1.51B (up 41.2% YoY), driven by record revenue growth. These results show strong top‑line momentum. Earnings Press Release
• Positive Sentiment: Raised FY‑2026 guidance — Management set EPS guidance of $4.90–$5.30, modestly above consensus (4.78), signaling confidence in 2026 execution and continuing backlog conversion. Guidance Detail
• Positive Sentiment: Management commentary / call highlights emphasize strategic growth and record revenue trends, reinforcing the beat and guidance narrative. Call Highlights
• Neutral Sentiment: Dividend declared — Tutor Perini declared a $0.06 quarterly dividend (annualized yield ~0.3%; ex‑div March 10), a small signal of cash return but not likely a material driver for the stock.
• Neutral Sentiment: Earnings call transcript is available for deeper read — investors can review management’s details on margins, backlog and assumptions. Earnings Transcript
• Negative Sentiment: Market reaction / profit‑taking — Despite the beat and raised guidance, the stock sold off sharply. Commentary and analysis note the decline may reflect profit‑taking after a recent run, elevated intraday volume, and the stock’s high beta (volatility), rather than a fundamental reversal. Why Did Tutor Perini Stock Drop Today?
• Negative Sentiment: Remaining concerns — Some investors may be focusing on provision/margin dynamics (reported negative net margin on a GAAP basis) and the company’s historical earnings variability; these issues can temper enthusiasm and amplify volatility. Financial Details

Analyst Upgrades and Downgrades

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

Tutor Perini Trading Down 15.8%

The firm has a market cap of $3.97 billion, a P/E ratio of 49.52 and a beta of 2.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a fifty day moving average of $76.93 and a 200-day moving average of $68.36.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a return on equity of 18.15% and a net margin of 1.45%.The firm’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS.

Tutor Perini Announces Dividend

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

Institutional Investors Weigh In On Tutor Perini

Hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position 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 buying an additional 183 shares during the period. Federated Hermes Inc. raised its stake in Tutor Perini by 446.3% during the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after acquiring an additional 357 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after acquiring an additional 426 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Tutor Perini by 54.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 536 shares of the construction company’s stock worth $36,000 after purchasing an additional 188 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Tutor Perini by 71.4% in the fourth quarter. Allworth Financial LP now owns 605 shares of the construction company’s stock worth $41,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

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.