Tutor Perini (NYSE:TPC) Rating Increased to Strong-Buy at B. Riley

B. Riley upgraded shares of Tutor Perini (NYSE:TPC) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports. B. Riley also issued estimates for Tutor Perini’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.67 EPS and FY2026 earnings at $2.79 EPS.

Several other analysts have also recently weighed in on the stock. Vertical Research assumed coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective for the company. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Tutor Perini Trading Up 2.5 %

Shares of Tutor Perini stock opened at $25.76 on Tuesday. The stock has a market cap of $1.35 billion, a P/E ratio of -10.26 and a beta of 1.73. Tutor Perini has a 12-month low of $12.97 and a 12-month high of $34.55. The business’s 50 day moving average is $24.25 and its 200-day moving average is $25.58. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned ($0.91) earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Tutor Perini by 103.1% during the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after acquiring an additional 2,399 shares during the last quarter. State of Wyoming grew its holdings in Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock worth $150,000 after acquiring an additional 1,764 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Tutor Perini in the 3rd quarter valued at about $201,000. Optimize Financial Inc bought a new stake in shares of Tutor Perini in the 4th quarter valued at $221,000. Finally, KLP Kapitalforvaltning AS bought a new position in Tutor Perini during the fourth quarter worth $232,000. Institutional investors own 65.01% of the company’s stock.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.