Shares of Tutor Perini (NYSE:TPC) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.25.
A number of research analysts have commented on the company. Zacks Investment Research raised Tutor Perini from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 14th. ValuEngine lowered Tutor Perini from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. MKM Partners set a $27.00 price objective on Tutor Perini and gave the company a “buy” rating in a report on Wednesday, February 28th. DA Davidson reaffirmed a “buy” rating on shares of Tutor Perini in a report on Wednesday, February 28th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Tutor Perini in a report on Monday, March 5th.
Shares of Tutor Perini traded down $0.50, reaching $20.40, during trading on Monday, MarketBeat.com reports. 451,059 shares of the company’s stock were exchanged, compared to its average volume of 408,147. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.90, a PEG ratio of 0.92 and a beta of 2.08. Tutor Perini has a twelve month low of $18.90 and a twelve month high of $29.90.
Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, May 9th. The construction company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.22). Tutor Perini had a return on equity of 4.95% and a net margin of 2.62%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. sell-side analysts predict that Tutor Perini will post 2.28 EPS for the current fiscal year.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the completion of the sale, the insider now directly owns 5,748,120 shares in the company, valued at approximately $127,953,151.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TPC. California Public Employees Retirement System lifted its position in shares of Tutor Perini by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 86,361 shares of the construction company’s stock valued at $2,453,000 after acquiring an additional 5,961 shares during the period. Bank of Montreal Can lifted its position in shares of Tutor Perini by 328.5% during the 4th quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock valued at $191,000 after acquiring an additional 5,788 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Tutor Perini by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 384,747 shares of the construction company’s stock valued at $9,754,000 after acquiring an additional 14,205 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Tutor Perini by 27.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,405,525 shares of the construction company’s stock valued at $60,980,000 after acquiring an additional 516,367 shares during the period. Finally, James Investment Research Inc. bought a new stake in shares of Tutor Perini during the 4th quarter valued at $1,600,000. Hedge funds and other institutional investors own 86.46% 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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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