Tutor Perini (NYSE:TPC) Upgraded at StockNews.com

StockNews.com upgraded shares of Tutor Perini (NYSE:TPC) from a hold rating to a buy rating in a report released on Friday.

Tutor Perini Stock Down 0.3 %

Tutor Perini stock opened at $17.72 on Friday. Tutor Perini has a 12 month low of $4.90 and a 12 month high of $18.18. The stock has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $10.01. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The firm has a market cap of $926.40 million, a price-to-earnings ratio of -8.69 and a beta of 1.62.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. Equities analysts predict that Tutor Perini will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the sale, the president now directly owns 160,507 shares in the company, valued at approximately $1,990,286.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the completion of the sale, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $12.86, for a total value of $359,539.88. Following the completion of the transaction, the president now directly owns 112,245 shares in the company, valued at $1,443,470.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,201 shares of company stock worth $822,980. 19.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased its stake in shares of Tutor Perini by 20.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock worth $35,489,000 after purchasing an additional 659,657 shares in the last quarter. Vanguard Group Inc. increased its position in Tutor Perini by 1.8% in the third quarter. Vanguard Group Inc. now owns 2,247,947 shares of the construction company’s stock worth $17,601,000 after buying an additional 38,910 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tutor Perini by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,085,769 shares of the construction company’s stock worth $18,981,000 after buying an additional 55,823 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Tutor Perini by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,992,319 shares of the construction company’s stock valued at $18,130,000 after buying an additional 53,927 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tutor Perini by 9.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock valued at $13,291,000 after buying an additional 146,033 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

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.