According to Zacks, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. “
Several other brokerages have also recently weighed in on TPC. Canaccord Genuity restated a buy rating on shares of Tutor Perini Corp. in a research note on Sunday, July 17th. TheStreet cut Tutor Perini Corp. from a buy rating to a hold rating in a research note on Wednesday, August 3rd. FBR & Co restated an outperform rating and set a $26.00 price objective (up from $22.00) on shares of Tutor Perini Corp. in a research note on Thursday, June 30th. MKM Partners upgraded Tutor Perini Corp. from a neutral rating to a buy rating and raised their price objective for the company from $23.00 to $28.00 in a research note on Wednesday, August 24th. Finally, Standpoint Research upgraded Tutor Perini Corp. from a hold rating to a buy rating in a research note on Monday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tutor Perini Corp. presently has an average rating of Buy and an average target price of $24.29.
Tutor Perini Corp. (NYSE:TPC) traded up 0.969% during mid-day trading on Thursday, reaching $20.951. 566,148 shares of the company’s stock traded hands. The firm has a market cap of $1.03 billion, a PE ratio of 15.993 and a beta of 2.48. Tutor Perini Corp. has a 1-year low of $10.16 and a 1-year high of $25.98. The firm has a 50 day moving average of $22.09 and a 200 day moving average of $21.06.
Tutor Perini Corp. (NYSE:TPC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.08. Tutor Perini Corp. had a net margin of 1.32% and a return on equity of 5.49%. The business earned $1.31 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts forecast that Tutor Perini Corp. will post $2.04 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Tutor Perini Corp. during the second quarter worth approximately $217,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tutor Perini Corp. during the second quarter worth approximately $289,000. Foundry Partners LLC bought a new stake in Tutor Perini Corp. during the second quarter worth approximately $11,588,000. Royal Bank of Canada boosted its stake in Tutor Perini Corp. by 119.8% in the first quarter. Royal Bank of Canada now owns 26,881 shares of the company’s stock worth $418,000 after buying an additional 14,650 shares in the last quarter. Finally, Peconic Partners LLC boosted its stake in Tutor Perini Corp. by 22.9% in the first quarter. Peconic Partners LLC now owns 1,165,397 shares of the company’s stock worth $18,110,000 after buying an additional 217,470 shares in the last quarter. 82.48% of the stock is currently owned by hedge funds and other institutional investors.
Tutor Perini Corp. Company Profile
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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