Tutor Perini (NYSE:TPC) Upgraded by B. Riley to “Strong-Buy” Rating

Tutor Perini (NYSE:TPC) was upgraded by 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.

Several other brokerages also recently weighed in on TPC. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Vertical Research initiated coverage on Tutor Perini in a research note on Tuesday, December 10th. They set a “buy” rating and a $38.00 target price for the company.

Tutor Perini Trading Up 2.5 %

Shares of NYSE:TPC opened at $25.76 on Tuesday. Tutor Perini has a 52-week low of $12.97 and a 52-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 quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $24.25 and a 200-day moving average price of $25.58.

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

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after purchasing an additional 2,399 shares during the last quarter. State of Wyoming increased its holdings in shares of Tutor Perini by 39.7% in the fourth quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock valued at $150,000 after purchasing an additional 1,764 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $201,000. EP Wealth Advisors LLC acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $234,000. Finally, Optimize Financial Inc acquired a new stake in shares of Tutor Perini in the fourth quarter valued at approximately $221,000. 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.