Tutor Perini Corp (NYSE:TPC) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.20.
TPC has been the subject of several research analyst reports. TheStreet cut shares of Tribune Publishing from a “c-” rating to a “d+” rating in a research report on Monday, May 20th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Finally, DA Davidson raised shares of Tutor Perini from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, July 1st.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.51, for a total transaction of $330,200.00. Following the transaction, the insider now owns 5,594,050 shares in the company, valued at $92,357,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ronald N. Tutor sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $13.31, for a total transaction of $665,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,000 shares of company stock valued at $1,823,200. 24.30% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TPC. Rhumbline Advisers increased its holdings in shares of Tutor Perini by 41.2% during the fourth quarter. Rhumbline Advisers now owns 55,077 shares of the construction company’s stock worth $880,000 after purchasing an additional 16,078 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Tutor Perini by 616.8% in the fourth quarter. Prudential Financial Inc. now owns 162,808 shares of the construction company’s stock worth $2,600,000 after buying an additional 140,095 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Tutor Perini by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 81,528 shares of the construction company’s stock worth $1,302,000 after buying an additional 3,287 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Tutor Perini by 7.4% in the fourth quarter. BlackRock Inc. now owns 2,753,232 shares of the construction company’s stock worth $43,972,000 after buying an additional 188,564 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Tutor Perini by 19.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,461 shares of the construction company’s stock worth $263,000 after buying an additional 2,626 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.
TPC traded down $0.26 during trading on Friday, reaching $13.34. 7,106 shares of the stock traded hands, compared to its average volume of 424,250. The stock has a market cap of $695.50 million, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.91. Tutor Perini has a fifty-two week low of $12.62 and a fifty-two week high of $22.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.09 and a current ratio of 2.09. The firm’s 50-day moving average price is $14.04.
Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, May 8th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.06). The firm had revenue of $958.49 million during the quarter, compared to analyst estimates of $1.01 billion. Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. On average, equities research analysts expect that Tutor Perini will post 2.11 EPS for the current year.
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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
Featured Article: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.