Shares of Tutor Perini Corporation (NYSE:TPC) have been given a consensus recommendation of “Buy” by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.86.
A number of equities research analysts have issued reports on TPC shares. Canaccord Genuity lowered their price target on Tutor Perini Corporation from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Seaport Global Securities downgraded Tutor Perini Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $31.00 in a research report on Wednesday, October 11th. B. Riley reissued a “buy” rating on shares of Tutor Perini Corporation in a research report on Wednesday, November 1st. reduced their price objective on Tutor Perini Corporation from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, ValuEngine cut Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.
In other Tutor Perini Corporation news, major shareholder N. Tutor Separate Prope Ronald sold 71,383 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,863,096.30. Following the transaction, the insider now owns 5,919,503 shares in the company, valued at $154,499,028.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ronald N. Tutor sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total value of $1,956,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock worth $4,566,711. 24.50% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Tutor Perini Corporation in the third quarter worth about $135,000. Victory Capital Management Inc. lifted its stake in shares of Tutor Perini Corporation by 119.4% in the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after acquiring an additional 3,743 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Tutor Perini Corporation in the third quarter worth about $207,000. BNP Paribas Arbitrage SA lifted its stake in shares of Tutor Perini Corporation by 239.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after acquiring an additional 5,725 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in shares of Tutor Perini Corporation in the first quarter worth about $310,000. Institutional investors and hedge funds own 79.51% of the company’s stock.
Tutor Perini Corporation (NYSE TPC) traded up $0.05 during mid-day trading on Monday, reaching $24.40. The company’s stock had a trading volume of 363,500 shares, compared to its average volume of 350,089. Tutor Perini Corporation has a 1 year low of $22.60 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $1,220.00, a P/E ratio of 12.62, a PEG ratio of 1.33 and a beta of 2.39.
Tutor Perini Corporation (NYSE:TPC) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.22). Tutor Perini Corporation had a net margin of 2.03% and a return on equity of 6.16%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $0.57 EPS. Tutor Perini Corporation’s revenue was down 10.0% on a year-over-year basis. equities analysts predict that Tutor Perini Corporation will post 1.83 earnings per share for the current fiscal year.
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Tutor Perini Corporation 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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