Tutor Perini (NYSE:TPC – Get Free Report) posted its earnings results on Wednesday. The construction company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $1.07, FiscalAI reports. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 19.2% compared to the same quarter last year. Tutor Perini updated its FY 2026 guidance to 5.150-5.450 EPS.
Here are the key takeaways from Tutor Perini’s conference call:
- Record second-quarter performance: Revenue rose 19% year over year to $1.6 billion, operating income increased 54% to $118 million, and adjusted EPS climbed 23% to $1.74. Operating margins improved across all segments, including Civil at 15.3%, Building at 5.6%, and Specialty Contractors at 2.2%.
- 2026 guidance was raised: Management increased adjusted EPS guidance to $5.15–$5.45 from $4.90–$5.30, citing strong project execution, sustained demand, and expectations for higher earnings in 2027.
- Cash generation and liquidity strengthened: First-half operating cash flow reached a record $334 million, while cash exceeded total debt by $542 million. A refinancing reduced the senior-notes coupon to 6.625%, extends maturities, and is expected to save approximately $21 million in annual cash interest.
- Backlog and bidding opportunities remain substantial: Backlog ended the quarter near a record at $19.9 billion, supported by $1.7 billion of awards, while management cited a potential project pipeline exceeding $200 billion over the next three to four years, particularly in the Indo-Pacific region and major U.S. infrastructure markets.
- Shareholder returns increased: The quarterly dividend was raised 50% to $0.09 per share, and the company repurchased approximately 137,000 shares for $10 million during the quarter, with $170 million remaining under its buyback authorization.
Tutor Perini Stock Performance
Shares of TPC stock traded down $1.33 during midday trading on Wednesday, hitting $84.38. The company had a trading volume of 652,606 shares, compared to its average volume of 1,049,267. The company’s 50 day simple moving average is $78.54 and its 200 day simple moving average is $79.12. Tutor Perini has a 52-week low of $46.51 and a 52-week high of $100.00. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 57.40 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28.
Insider Activity
Institutional Trading of Tutor Perini
Several hedge funds and other institutional investors have recently made changes to their positions in TPC. Quarry LP raised its holdings in 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. Federated Hermes Inc. boosted its holdings in Tutor Perini by 446.3% in the 4th quarter. Federated Hermes Inc. now owns 437 shares of the construction company’s stock valued at $29,000 after purchasing an additional 357 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Tutor Perini by 31.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 618 shares of the construction company’s stock valued at $42,000 after purchasing an additional 148 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Tutor Perini during the 3rd quarter worth approximately $72,000. Finally, Kestra Advisory Services LLC acquired a new position in Tutor Perini during the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.
Analyst Ratings Changes
TPC has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Friday, July 17th. Wall Street Zen cut Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. 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, Tutor Perini presently has an average rating of “Hold” and a consensus price target of $86.50.
Read Our Latest Stock Analysis on Tutor Perini
Tutor Perini Company Profile
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.
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