Tutor Perini (NYSE:TPC) Stock Price Up 5.9% – Still a Buy?

Tutor Perini Co. (NYSE:TPC)’s stock price rose 5.9% on Thursday . The company traded as high as $24.72 and last traded at $24.50. Approximately 121,244 shares changed hands during trading, a decline of 79% from the average daily volume of 585,172 shares. The stock had previously closed at $23.14.

Analyst Ratings Changes

TPC has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Vertical Research initiated coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective for the company.

Tutor Perini Trading Down 16.3 %

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -7.77 and a beta of 1.52. The firm’s 50 day moving average is $24.15 and its 200 day moving average is $25.05. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TPC. CWM LLC increased its stake in shares of Tutor Perini by 53.0% during the 3rd quarter. CWM LLC now owns 2,622 shares of the construction company’s stock worth $71,000 after purchasing an additional 908 shares during the last quarter. Creative Planning increased its stake in shares of Tutor Perini by 62.2% during the 3rd quarter. Creative Planning now owns 23,256 shares of the construction company’s stock worth $632,000 after purchasing an additional 8,917 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Tutor Perini by 3.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 296,235 shares of the construction company’s stock worth $8,046,000 after acquiring an additional 10,218 shares during the period. US Bancorp DE raised its holdings in Tutor Perini by 19,259.7% in the 3rd quarter. US Bancorp DE now owns 14,907 shares of the construction company’s stock worth $405,000 after acquiring an additional 14,830 shares during the period. Finally, Plato Investment Management Ltd bought a new position in Tutor Perini in the 3rd quarter worth $52,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Company Profile

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.