Tutor Perini Corp (TPC) Given Average Rating of “Buy” by Analysts

Shares of Tutor Perini Corp (NYSE:TPC) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.00.

A number of analysts have commented on TPC shares. FBR & Co increased their price target on shares of Tutor Perini Corp from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, January 26th. Standpoint Research upgraded shares of Tutor Perini Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 25th. DA Davidson reiterated a “buy” rating on shares of Tutor Perini Corp in a research note on Thursday, February 16th. Finally, KeyCorp assumed coverage on shares of Tutor Perini Corp in a research note on Friday, January 27th. They set a “sector weight” rating for the company.

In related news, COO James A. Frost sold 110,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $30.27, for a total transaction of $3,329,700.00. Following the transaction, the chief operating officer now directly owns 534,661 shares of the company’s stock, valued at $16,184,188.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in TPC. Frontier Capital Management Co. LLC raised its position in Tutor Perini Corp by 71.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,761,186 shares of the construction company’s stock worth $49,313,000 after buying an additional 731,663 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Tutor Perini Corp during the third quarter valued at approximately $8,919,000. Boston Partners raised its position in Tutor Perini Corp by 35.2% in the first quarter. Boston Partners now owns 1,514,145 shares of the construction company’s stock valued at $48,150,000 after buying an additional 394,148 shares in the last quarter. Cortina Asset Management LLC raised its position in Tutor Perini Corp by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock valued at $19,375,000 after buying an additional 367,904 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Tutor Perini Corp during the fourth quarter valued at approximately $8,590,000. 80.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tutor Perini Corp (NYSE:TPC) opened at 26.40 on Monday. The firm has a market cap of $1.31 billion, a PE ratio of 14.09 and a beta of 2.60. Tutor Perini Corp has a 12-month low of $18.05 and a 12-month high of $33.00. The company has a 50 day moving average price of $29.91 and a 200-day moving average price of $28.68.

Tutor Perini Corp (NYSE:TPC) last announced its quarterly earnings results on Thursday, February 23rd. The construction company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Tutor Perini Corp had a net margin of 1.51% and a return on equity of 5.05%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that Tutor Perini Corp will post $2.29 EPS for the current year.

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Tutor Perini Corp Company Profile

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.

12 Month Chart for NYSE:TPC

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