Tutor Perini (NYSE:TPC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Tutor Perini Corporation (NYSE:TPC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.32 and traded as high as $69.47. Tutor Perini shares last traded at $68.93, with a volume of 187,117 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPC. UBS Group boosted their target price on Tutor Perini from $67.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Zacks Research cut shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. B. Riley reissued a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $80.50.

Tutor Perini Price Performance

The stock has a market cap of $3.64 billion, a PE ratio of -130.25 and a beta of 2.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $66.28 and its 200-day moving average is $58.40.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Tutor Perini had a negative net margin of 0.55% and a positive return on equity of 7.07%. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.92) EPS. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Tutor Perini Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, December 9th. Tutor Perini’s dividend payout ratio (DPR) is -45.28%.

Insider Activity at Tutor Perini

In related news, Director Peter Arkley purchased 15,147 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $64.39 per share, with a total value of $975,315.33. Following the completion of the transaction, the director owned 191,717 shares of the company’s stock, valued at $12,344,657.63. This represents a 8.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Smalley purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was bought at an average price of $61.08 per share, with a total value of $305,400.00. Following the purchase, the chief executive officer owned 118,075 shares of the company’s stock, valued at approximately $7,212,021. The trade was a 4.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 45,000 shares of company stock worth $2,870,313 over the last 90 days. 17.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Tutor Perini in the 1st quarter worth about $3,251,000. Hsbc Holdings PLC grew its stake in Tutor Perini by 57.3% in the first quarter. Hsbc Holdings PLC now owns 48,817 shares of the construction company’s stock worth $1,126,000 after purchasing an additional 17,786 shares in the last quarter. AlphaQuest LLC increased its holdings in Tutor Perini by 849.2% in the first quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock valued at $80,000 after buying an additional 3,074 shares during the last quarter. Jump Financial LLC bought a new stake in Tutor Perini in the first quarter valued at about $419,000. Finally, Comerica Bank raised its stake in Tutor Perini by 30.7% during the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after buying an additional 569 shares in the last quarter. 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.