Tutor Perini (NYSE:TPC) Reaches New 52-Week High – Should You Buy?

Shares of Tutor Perini Corporation (NYSE:TPC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $90.01 and last traded at $89.6490, with a volume of 77632 shares trading hands. The stock had previously closed at $86.04.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TPC. UBS Group increased their target price on shares of Tutor Perini from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.50.

Tutor Perini Stock Up 7.2%

The company has a market cap of $4.85 billion, a PE ratio of 60.68 and a beta of 2.11. The company’s 50 day moving average is $78.66 and its 200 day moving average is $73.23. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.92 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.35 billion. Tutor Perini had a net margin of 1.45% and a return on equity of 18.02%. The firm’s revenue was up 41.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.49) EPS. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. As a group, analysts predict that Tutor Perini Corporation will post 4.72 earnings per share for the current fiscal year.

Tutor Perini Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a $0.06 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Tutor Perini’s dividend payout ratio (DPR) is currently 15.79%.

Insiders Place Their Bets

In related news, Director Peter Arkley purchased 10,999 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $72.44 per share, for a total transaction of $796,767.56. Following the acquisition, the director owned 208,600 shares of the company’s stock, valued at $15,110,984. The trade was a 5.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Smalley purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $73.24 per share, for a total transaction of $732,400.00. Following the completion of the acquisition, the chief executive officer directly owned 91,479 shares in the company, valued at approximately $6,699,921.96. This trade represents a 12.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 35,000 shares of company stock worth $2,556,404 over the last quarter. Company insiders own 15.40% of the company’s stock.

Institutional Trading of Tutor Perini

Several large investors have recently added to or reduced their stakes in TPC. JPMorgan Chase & Co. boosted its stake in shares of Tutor Perini by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 406,546 shares of the construction company’s stock worth $26,665,000 after buying an additional 54,248 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in Tutor Perini by 5,803.4% during the third quarter. Plato Investment Management Ltd now owns 6,966 shares of the construction company’s stock worth $453,000 after buying an additional 6,848 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its holdings in Tutor Perini by 491.0% during the third quarter. Counterpoint Mutual Funds LLC now owns 49,139 shares of the construction company’s stock worth $3,223,000 after buying an additional 40,824 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Tutor Perini by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,922,986 shares of the construction company’s stock worth $191,719,000 after buying an additional 103,799 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Tutor Perini by 39,576.5% during the third quarter. Hillsdale Investment Management Inc. now owns 67,450 shares of the construction company’s stock worth $4,424,000 after buying an additional 67,280 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

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.