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

A number of research firms recently weighed in on TPC. Zacks Investment Research lowered shares of Tutor Perini Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. FBR & Co reaffirmed an “outperform” rating and issued a $26.00 price objective (up from $22.00) on shares of Tutor Perini Corp. in a research note on Thursday, June 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Tutor Perini Corp. in a research note on Wednesday, June 29th. MKM Partners began coverage on shares of Tutor Perini Corp. in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Standpoint Research lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. 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 a consensus rating of “Buy” and an average price target of $21.86.

The stock has a market capitalization of $1.19 billion and a price-to-earnings ratio of 21.72. The company’s 50 day moving average is $22.78 and its 200-day moving average is $17.03.

Tutor Perini Corp. (NYSE:TPC) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.12. During the same period in the previous year, the business posted $0.10 earnings per share. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.14 billion. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Tutor Perini Corp. will post $2.08 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in TPC. Sabal Capital Management LLC purchased a new position in Tutor Perini Corp. during the fourth quarter valued at $1,098,000. Pzena Investment Management LLC increased its position in Tutor Perini Corp. by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 749,454 shares of the company’s stock valued at $12,546,000 after buying an additional 9,525 shares in the last quarter. California Public Employees Retirement System increased its position in 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 valued at $1,992,000 after buying an additional 7,900 shares in the last quarter. First Trust Advisors LP increased its position in Tutor Perini Corp. by 20.2% in the fourth quarter. First Trust Advisors LP now owns 88,281 shares of the company’s stock valued at $1,478,000 after buying an additional 14,860 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Tutor Perini Corp. by 8.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,099,035 shares of the company’s stock valued at $18,399,000 after buying an additional 81,024 shares in 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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