Several other brokerages also recently weighed in on TPC. Zacks Investment Research upgraded shares of Tutor Perini from a hold rating to a buy rating and set a $30.00 price objective for the company in a research report on Saturday, January 20th. B. Riley restated a buy rating on shares of Tutor Perini in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Tutor Perini from a hold rating to a buy rating in a research report on Friday, December 1st. reduced their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a buy rating for the company in a research report on Wednesday, November 15th. Finally, Canaccord Genuity reduced their price objective on shares of Tutor Perini from $35.00 to $32.00 and set a buy rating for the company in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Tutor Perini currently has an average rating of Buy and a consensus target price of $30.43.
Tutor Perini (TPC) opened at $24.15 on Wednesday. Tutor Perini has a 12 month low of $21.15 and a 12 month high of $32.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1,200.00, a P/E ratio of 12.91, a P/E/G ratio of 0.82 and a beta of 2.13.
In related news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $25.60, for a total value of $640,000.00. Following the completion of the sale, the insider now owns 5,798,120 shares in the company, valued at approximately $148,431,872. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.28, for a total transaction of $131,735.12. Following the completion of the sale, the director now owns 20,625 shares of the company’s stock, valued at approximately $562,650. The disclosure for this sale can be found here. 24.50% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in TPC. SeaCrest Wealth Management LLC purchased a new stake in Tutor Perini in the 4th quarter valued at $101,000. SG Americas Securities LLC purchased a new stake in Tutor Perini in the 3rd quarter valued at $135,000. Bank of Montreal Can raised its position in Tutor Perini by 328.5% in the 4th quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock valued at $191,000 after purchasing an additional 5,788 shares during the last quarter. Victory Capital Management Inc. raised its position in Tutor Perini by 119.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock valued at $195,000 after purchasing an additional 3,743 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Tutor Perini in the 3rd quarter valued at $207,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.
Tutor Perini Company Profile
Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.
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