Tutor Perini Corp. (NYSE:TPC) reached a new 52-week high during trading on Friday . The company traded as high as $24.54 and last traded at $24.29, with a volume of 97,459 shares trading hands. The stock had previously closed at $23.59.

TPC has been the topic of a number of analyst reports. Canaccord Genuity initiated coverage on Tutor Perini Corp. in a research report on Monday, April 11th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded Tutor Perini Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Saturday, May 7th. Standpoint Research initiated coverage on Tutor Perini Corp. in a research report on Monday, April 11th. They set a “buy” rating and a $22.00 target price on the stock. FBR & Co restated an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of Tutor Perini Corp. in a research report on Thursday, June 30th. Finally, MKM Partners initiated coverage on Tutor Perini Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $23.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.86.

The firm’s 50-day moving average price is $22.68 and its 200 day moving average price is $16.97. The company has a market cap of $1.19 billion and a PE ratio of 21.59.

Tutor Perini Corp. (NYSE:TPC) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12. During the same period last year, the firm earned $0.10 earnings per share. The company earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Tutor Perini Corp.’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Tutor Perini Corp. will post $2.08 earnings per share for the current fiscal year.

Several large investors have made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Tutor Perini Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,585 shares of the company’s stock worth $1,165,000 after buying an additional 1,247 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Tutor Perini Corp. by 20.2% in the fourth quarter. First Trust Advisors LP now owns 88,281 shares of the company’s stock worth $1,478,000 after buying an additional 14,860 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Tutor Perini Corp. by 7.1% in the fourth quarter. California Public Employees Retirement System now owns 119,000 shares of the company’s stock worth $1,992,000 after buying an additional 7,900 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Tutor Perini Corp. by 3.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,540,890 shares of the company’s stock worth $59,274,000 after buying an additional 119,518 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Tutor Perini Corp. by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 749,454 shares of the company’s stock worth $12,546,000 after buying an additional 9,525 shares during the last quarter.

Tutor Perini Corporation is a construction company engaged in providing general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment focuses on public works construction and the repair, replacement and reconstruction of infrastructure, including highways, bridges, mass transit systems, and water management and wastewater treatment facilities.

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