Tutor Perini (NYSE:TPC) Stock Rating Upgraded by B. Riley

Tutor Perini (NYSE:TPC) was upgraded by equities research analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and 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.

Other equities analysts have also recently issued research reports about the stock. Vertical Research started coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 target price on the stock. StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

Tutor Perini Price Performance

Shares of NYSE TPC opened at $25.76 on Tuesday. Tutor Perini has a fifty-two week low of $12.97 and a fifty-two week high of $34.55. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -10.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50-day simple moving average is $24.25 and its 200 day simple moving average is $25.58.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results 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 net margin of 3.08% and a negative return on equity of 9.56%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted ($0.91) EPS.

Institutional Investors Weigh In On Tutor Perini

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares during the last quarter. Sterling Capital Management LLC grew its stake in Tutor Perini by 7.0% in the 4th quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company’s stock valued at $456,000 after buying an additional 1,235 shares in the last quarter. Gotham Asset Management LLC grew its stake in Tutor Perini by 4.3% in the 4th quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company’s stock valued at $936,000 after buying an additional 1,609 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Tutor Perini by 19.5% in the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company’s stock valued at $249,000 after buying an additional 1,680 shares in the last quarter. Finally, State of Wyoming grew its stake in Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after buying an additional 1,764 shares in the last quarter. Hedge funds and other 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.