Tutor Perini Corp. (NYSE:TPC) was upgraded by stock analysts at Standpoint Research from a “hold” rating to a “buy” rating in a report released on Monday, The Fly reports.
A number of other brokerages have also commented on TPC. MKM Partners initiated coverage on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. They issued a “neutral” rating and a $23.00 price objective on the stock. Canaccord Genuity reissued a “buy” rating and issued a $30.00 price objective on shares of Tutor Perini Corp. in a research report on Thursday, August 4th. TheStreet lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. FBR & Co reissued an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of Tutor Perini Corp. in a research report on Thursday, June 30th. Finally, Zacks Investment Research lowered shares of Tutor Perini Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.29.
Shares of Tutor Perini Corp. (NYSE:TPC) traded up 1.72% during mid-day trading on Monday, reaching $21.84. 581,220 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $22.29 and its 200-day moving average is $20.88. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 16.67 and a beta of 2.48. Tutor Perini Corp. has a 52-week low of $10.16 and a 52-week high of $25.98.
Tutor Perini Corp. (NYSE:TPC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.08. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.40 billion. Tutor Perini Corp. had a return on equity of 5.49% and a net margin of 1.32%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities analysts expect that Tutor Perini Corp. will post $2.04 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC bought a new position in Tutor Perini Corp. during the first quarter valued at approximately $120,000. Teacher Retirement System of Texas increased its position in Tutor Perini Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,468 shares of the company’s stock valued at $129,000 after buying an additional 665 shares in the last quarter. BlackRock Inc. increased its position in Tutor Perini Corp. by 9.0% in the first quarter. BlackRock Inc. now owns 12,899 shares of the company’s stock valued at $200,000 after buying an additional 1,064 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Tutor Perini Corp. during the second quarter valued at approximately $217,000. Finally, Coe Capital Management LLC bought a new position in Tutor Perini Corp. during the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.
Tutor Perini Corp. Company Profile
Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.
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