Tutor Perini’s (TPC) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Tutor Perini (NYSE:TPC) in a research report sent to investors on Friday morning,Weiss Ratings reports.

A number of other equities analysts have also commented on TPC. UBS Group raised their price objective on shares of Tutor Perini from $59.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. B. Riley raised their target price on Tutor Perini from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.00.

Tutor Perini Trading Up 1.7%

Shares of NYSE TPC opened at $68.81 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. Tutor Perini has a 12 month low of $18.33 and a 12 month high of $71.07. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -27.31 and a beta of 1.86. The business has a fifty day simple moving average of $62.47 and a 200-day simple moving average of $46.87.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.12. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $0.02 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year.

Insiders Place Their Bets

In other Tutor Perini news, Director Sidney J. Feltenstein sold 124,668 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $65.96, for a total value of $8,223,101.28. Following the transaction, the director owned 187,274 shares in the company, valued at $12,352,593.04. The trade was a 39.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Ronald N. Tutor sold 83,144 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.94, for a total value of $5,399,371.36. Following the sale, the chairman directly owned 4,062,985 shares of the company’s stock, valued at $263,850,245.90. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 725,000 shares of company stock valued at $44,824,931. Insiders own 17.30% of the company’s stock.

Institutional Trading of Tutor Perini

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company’s stock valued at $48,000 after purchasing an additional 510 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Tutor Perini during the first quarter valued at about $54,000. Comerica Bank lifted its position in shares of Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after buying an additional 569 shares during the last quarter. CWM LLC boosted its stake in shares of Tutor Perini by 32.8% during the 1st quarter. CWM LLC now owns 3,442 shares of the construction company’s stock worth $80,000 after acquiring an additional 850 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Tutor Perini by 849.2% during the 1st quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock valued at $80,000 after acquiring an additional 3,074 shares during the last quarter. 65.01% of the stock is 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.