Tutor Perini Corp (NYSE:TPC) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.80.
A number of equities research analysts have recently weighed in on TPC shares. ValuEngine upgraded shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a research report on Friday, November 16th. DA Davidson downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $20.00 in a research report on Tuesday, January 22nd. KeyCorp set a $24.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a research report on Tuesday, January 29th. UBS Group downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Friday, February 1st. Finally, MKM Partners set a $27.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a research report on Thursday, February 28th.
Get Tutor Perini alerts:Shares of TPC stock opened at $19.06 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $945.95 million, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.87 and a beta of 1.87. Tutor Perini has a 12-month low of $14.66 and a 12-month high of $23.40.
Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. Tutor Perini had a net margin of 2.58% and a return on equity of 4.35%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Tutor Perini will post 2.09 EPS for the current fiscal year.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 75,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $16.13, for a total transaction of $1,209,750.00. Following the sale, the insider now owns 5,536,601 shares of the company’s stock, valued at $89,305,374.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dale Anne Reiss sold 4,000 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $15.78, for a total transaction of $63,120.00. Following the sale, the director now directly owns 31,265 shares in the company, valued at approximately $493,361.70. The disclosure for this sale can be found here. Company insiders own 24.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TPC. First Trust Advisors LP grew its stake in shares of Tutor Perini by 25.6% during the third quarter. First Trust Advisors LP now owns 489,582 shares of the construction company’s stock worth $9,204,000 after buying an additional 99,903 shares during the last quarter. Falcon Point Capital LLC grew its stake in shares of Tutor Perini by 11.3% during the third quarter. Falcon Point Capital LLC now owns 28,385 shares of the construction company’s stock worth $534,000 after buying an additional 2,885 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Tutor Perini during the third quarter worth $427,000. DDD Partners LLC grew its stake in shares of Tutor Perini by 1.1% during the third quarter. DDD Partners LLC now owns 497,015 shares of the construction company’s stock worth $9,344,000 after buying an additional 5,190 shares during the last quarter. Finally, Commonwealth Bank of Australia bought a new stake in shares of Tutor Perini during the third quarter worth $261,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
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.
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