Shares of Tutor Perini Corporation (NYSE:TPC) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.40.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd.
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Tutor Perini Corporation (NYSE TPC) traded down 2.63% during trading on Friday, hitting $25.95. 413,766 shares of the company’s stock traded hands. The stock has a market cap of $1.29 billion, a P/E ratio of 12.76 and a beta of 2.42. The firm’s 50-day moving average price is $27.88 and its 200 day moving average price is $28.91. Tutor Perini Corporation has a 12-month low of $18.05 and a 12-month high of $33.00.
Tutor Perini Corporation (NYSE:TPC) last issued its earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts anticipate that Tutor Perini Corporation will post $2.26 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Tutor Perini Corporation during the fourth quarter worth $1,646,000. Bank of America Corp DE raised its stake in Tutor Perini Corporation by 64.7% in the first quarter. Bank of America Corp DE now owns 311,710 shares of the construction company’s stock worth $9,913,000 after buying an additional 122,419 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Tutor Perini Corporation during the first quarter worth $1,165,000. ClariVest Asset Management LLC raised its stake in Tutor Perini Corporation by 23.8% in the first quarter. ClariVest Asset Management LLC now owns 234,245 shares of the construction company’s stock worth $7,448,000 after buying an additional 45,000 shares during the last quarter. Finally, KAMES CAPITAL plc purchased a new stake in Tutor Perini Corporation during the first quarter worth $737,000. 81.17% of the stock is owned by institutional investors and hedge funds.
About Tutor Perini Corporation
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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