Tutor Perini (NYSE:TPC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Tutor Perini Corporation (NYSE:TPC – Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $82.13 and traded as high as $84.14. Tutor Perini shares last traded at $83.19, with a volume of 408,133 shares trading hands.

Wall Street Analyst Weigh In

TPC has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Tutor Perini from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Tutor Perini from a “sell (d-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $105.00.

Read Our Latest Stock Analysis on TPC

Tutor Perini Price Performance

The business’s fifty day moving average price is $88.06 and its 200-day moving average price is $82.17. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.57 billion, a P/E ratio of 37.41 and a beta of 2.06.

Tutor Perini (NYSE:TPC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.67 by $1.07. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%.The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, sell-side analysts predict that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio (DPR) is 15.52%.

Insiders Place Their Bets

In related news, Director Dale Reiss sold 13,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $92.04, for a total value of $1,233,336.00. Following the transaction, the director owned 31,203 shares in the company, valued at $2,871,924.12. The trade was a 30.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sidney Feltenstein sold 184,209 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the sale, the director owned 6,700 shares in the company, valued at approximately $650,235. This represents a 96.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,507,609 shares of company stock valued at $216,823,719. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Tutor Perini

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new position in Tutor Perini during the second quarter valued at approximately $600,000. Integrated Wealth Concepts LLC bought a new stake in Tutor Perini during the 2nd quarter valued at $128,000. Nykredit A S bought a new stake in Tutor Perini during the 2nd quarter valued at $125,000. Corient Private Wealth LP purchased a new position in shares of Tutor Perini in the 2nd quarter valued at $453,000. Finally, Amundi raised its position in shares of Tutor Perini by 80.5% in the 2nd quarter. Amundi now owns 8,401 shares of the construction company’s stock worth $697,000 after acquiring an additional 3,747 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

About Tutor Perini

(Get Free Report)

Tutor Perini Corporation (NYSE:TPC) is a major construction company that provides general contracting, construction management and design-build services. The company works on complex public and private projects, including transportation infrastructure, commercial buildings, healthcare facilities, hospitality properties, residential developments and institutional projects.

Tutor Perini operates through civil, building and specialty contractor businesses. Its civil construction activities include highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other heavy infrastructure.

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