Zacks downgrades Tutor Perini to Hold: Tutor Perini stock loses 1.46 percent
Published on 10/08/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Zacks Research downgraded Tutor Perini from strong buy to hold on October 7, 2026.
- Tutor Perini reported USD 1.64 billion in second-quarter 2026 revenue, up 19.20 percent year over year.
- TPC was at EUR 75.58 at Lang & Schwarz on October 8, 2026, down 1.46 percent from the prior close.
- A USD 24.00 million Houston data center contract added to the third-quarter 2026 backlog.
Tutor Perini (ISIN US9011091082) was at EUR 75.58 at Lang & Schwarz after hours on October 8, 2026, down 1.46 percent, as MarketBeat reported on October 7, 2026 that Zacks Research had downgraded the construction company from strong buy to hold. The rating change gives the recent contract flow a more cautious market backdrop.
Three dated signals for TPC
On August 5, 2026, Tutor Perini reported USD 1.64 billion in revenue for the second quarter of 2026, up 19.20 percent year over year, according to MarketBeat. The same report said quarterly earnings per share reached USD 1.74 versus a USD 0.67 consensus estimate.
On October 6, 2026, Tutor Perini subsidiary Fisk Electric won a USD 24.00 million Houston data center electrical project, with the value scheduled for inclusion in third-quarter 2026 backlog, Morningstar reported.
On October 7, 2026, the Zacks action became the latest dated event in the sequence. The rating moved from strong buy to hold while the broader average target cited by MarketBeat stood at USD 105.00.
What does the contract flow mean?
The contracts add visible backlog opportunities, but their effect on earnings depends on project execution and timing. The Houston award is expected to begin in the fourth quarter of 2026 and reach substantial completion in the first quarter of 2027, according to Morningstar. That schedule places the revenue contribution beyond the current quarter rather than making the award an immediate earnings figure.
Next reporting date
Investing.com lists November 11, 2026 as Tutor Perini's next earnings date. The upcoming report will show whether the second-quarter revenue increase and new awards are translating into continued operating progress.
After-hours price stays lower
Tutor Perini was at EUR 75.58 at Lang & Schwarz on October 8, 2026 at 6:06 p.m. CEST, down 1.46 percent versus the EUR 76.70 prior close at Lang & Schwarz on October 7, 2026. On the NYSE, the finance quote was USD 84.77 at 12:11 p.m. ET on October 8, 2026, with a USD 57.90 to USD 102.30 52-week range and USD 4.5 billion market capitalization.
The further course of trading is shown by the continuously updated real-time quote of Tutor Perini stock.
Tutor Perini stock facts
- Company: Tutor Perini Corporation
- ISIN: US9011091082
- Ticker: TPC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 6:06 p.m. CEST): EUR 75.58
- Change versus prior close: minus 1.46 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 76.70
- Market capitalization: USD 4.5 billion (as of October 8, 2026)
- Sector / Industry: Industrials / Engineering and Construction
Market context: Market report S&P 500.
