Tutor Perini (NYSE:TPC – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.150-5.450 for the period, compared to the consensus EPS estimate of 5.090. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TPC. Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.50.
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Tutor Perini Stock Performance
Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating the consensus estimate of $0.67 by $1.07. Tutor Perini had a net margin of 1.37% and a return on equity of 19.92%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm earned $0.38 EPS. The business’s quarterly 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. On average, equities research analysts anticipate that Tutor Perini will post 5.18 EPS for the current year.
Insider Transactions at Tutor Perini
In other Tutor Perini news, Director Robert C. Lieber sold 17,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $75.36, for a total value of $1,318,800.00. Following the completion of the transaction, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.40% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Tutor Perini
A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Tutor Perini by 1.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,087,666 shares of the construction company’s stock worth $71,340,000 after purchasing an additional 10,898 shares in the last quarter. State Street Corp boosted its stake in Tutor Perini by 1.0% during the fourth quarter. State Street Corp now owns 1,018,311 shares of the construction company’s stock worth $68,247,000 after acquiring an additional 10,368 shares in the last quarter. Gendell Jeffrey L grew its holdings in Tutor Perini by 95.0% in the fourth quarter. Gendell Jeffrey L now owns 889,915 shares of the construction company’s stock worth $59,642,000 after purchasing an additional 433,559 shares during the period. Millennium Management LLC increased its stake in Tutor Perini by 18.7% in the third quarter. Millennium Management LLC now owns 824,821 shares of the construction company’s stock valued at $54,100,000 after purchasing an additional 129,941 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Tutor Perini by 5.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 779,292 shares of the construction company’s stock valued at $52,228,000 after purchasing an additional 43,757 shares during the period. 65.01% of the stock is currently owned by institutional investors.
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.
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