Tutor Perini Corporation (TPC) Receives $33.86 Average PT from Brokerages

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.

Analyst Recommendations for Tutor Perini Corporation (NYSE:TPC)

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