Shares of Tutor Perini Corp (NYSE:TPC) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.83.
A number of research analysts have weighed in on TPC shares. ValuEngine cut shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research upgraded shares of Tutor Perini from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. MKM Partners set a $27.00 target price on shares of Tutor Perini and gave the company a “buy” rating in a research note on Thursday, November 8th. B. Riley dropped their target price on shares of Tutor Perini from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Finally, UBS Group set a $24.00 target price on shares of Tutor Perini and gave the company a “buy” rating in a research note on Thursday, November 8th.
TPC traded down $0.41 during midday trading on Friday, reaching $17.24. The company had a trading volume of 276,500 shares, compared to its average volume of 447,751. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.45. The stock has a market cap of $846.44 million, a price-to-earnings ratio of 11.97, a PEG ratio of 0.97 and a beta of 2.11. Tutor Perini has a 12-month low of $14.92 and a 12-month high of $28.30.
Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, November 7th. The construction company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.32). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a net margin of 2.58% and a return on equity of 4.35%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Tutor Perini will post 1.74 earnings per share for the current year.
In other Tutor Perini news, Director Sidney J. Feltenstein purchased 20,000 shares of the stock in a transaction dated Monday, November 12th. The shares were bought at an average price of $17.23 per share, with a total value of $344,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Falcon Point Capital LLC raised its position in shares of Tutor Perini by 11.3% in the third quarter. Falcon Point Capital LLC now owns 28,385 shares of the construction company’s stock valued at $534,000 after purchasing an additional 2,885 shares during the period. Teachers Advisors LLC increased its holdings in Tutor Perini by 4.5% during the 3rd quarter. Teachers Advisors LLC now owns 80,762 shares of the construction company’s stock worth $1,518,000 after acquiring an additional 3,480 shares during the period. OppenheimerFunds Inc. increased its holdings in Tutor Perini by 25.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 18,761 shares of the construction company’s stock worth $346,000 after acquiring an additional 3,781 shares during the period. United Services Automobile Association increased its holdings in Tutor Perini by 4.2% during the 3rd quarter. United Services Automobile Association now owns 99,480 shares of the construction company’s stock worth $1,870,000 after acquiring an additional 4,026 shares during the period. Finally, Foundry Partners LLC increased its holdings in Tutor Perini by 34.1% during the 3rd quarter. Foundry Partners LLC now owns 16,355 shares of the construction company’s stock worth $307,000 after acquiring an additional 4,155 shares during the period. 89.68% 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 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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