Several other analysts have also commented on the company. Zacks Investment Research raised Tutor Perini Corp. from a sell rating to a hold rating in a report on Thursday. Standpoint Research raised Tutor Perini Corp. from a hold rating to a buy rating in a report on Monday, October 3rd. TheStreet lowered Tutor Perini Corp. from a buy rating to a hold rating in a report on Wednesday, August 3rd. Canaccord Genuity reaffirmed a buy rating and set a $30.00 target price on shares of Tutor Perini Corp. in a report on Thursday, August 4th. Finally, FBR & Co reaffirmed an outperform rating and set a $26.00 target price (up from $22.00) on shares of Tutor Perini Corp. in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $24.29.
Tutor Perini Corp. (NYSE:TPC) traded up 1.56% during trading on Friday, hitting $21.49. The stock had a trading volume of 315,188 shares. The company’s 50 day moving average is $22.03 and its 200-day moving average is $21.10. The company has a market cap of $1.06 billion, a PE ratio of 16.40 and a beta of 2.48. Tutor Perini Corp. has a 12 month low of $10.16 and a 12 month high of $25.98.
Tutor Perini Corp. (NYSE:TPC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.51 by $0.08. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.40 billion. Tutor Perini Corp. had a return on equity of 5.49% and a net margin of 1.32%. The firm’s revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. On average, equities research analysts predict that Tutor Perini Corp. will post $2.04 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of TPC. Alliancebernstein L.P. increased its position in shares of Tutor Perini Corp. by 4,055.5% in the second quarter. Alliancebernstein L.P. now owns 2,118,507 shares of the company’s stock worth $49,891,000 after buying an additional 2,067,526 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Tutor Perini Corp. during the second quarter worth about $11,588,000. Fiera Capital Corp acquired a new position in shares of Tutor Perini Corp. during the second quarter worth about $10,627,000. Emerald Acquisition Ltd. acquired a new position in shares of Tutor Perini Corp. during the second quarter worth about $8,963,000. Finally, Artemis Investment Management LLP acquired a new position in shares of Tutor Perini Corp. during the second quarter worth about $8,597,000. Institutional investors own 82.48% of the company’s stock.
About Tutor Perini Corp.
Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.
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