Tutor Perini Corp. (NYSE:TPC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.98 and last traded at $25.69, with a volume of 221,925 shares trading hands. The stock had previously closed at $24.93.

A number of research firms have recently issued reports on TPC. Zacks Investment Research downgraded shares of Tutor Perini Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Standpoint Research started coverage on shares of Tutor Perini Corp. in a research note on Monday, April 11th. They issued a “buy” rating and a $22.00 target price for the company. Canaccord Genuity restated a “buy” rating and issued a $18.00 target price on shares of Tutor Perini Corp. in a research note on Wednesday, June 29th. FBR & Co restated an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of Tutor Perini Corp. in a research note on Thursday, June 30th. Finally, MKM Partners started coverage on shares of Tutor Perini Corp. in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $23.00 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.86.

The company has a market capitalization of $1.25 billion and a price-to-earnings ratio of 22.77. The stock has a 50-day moving average price of $23.10 and a 200-day moving average price of $17.21.

Tutor Perini Corp. (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12. During the same period last year, the firm posted $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. Equities analysts expect that Tutor Perini Corp. will post $2.08 EPS for the current year.

Several large investors recently added to or reduced their stakes in the stock. Pear Tree Advisors Inc. bought a new stake in Tutor Perini Corp. during the fourth quarter worth about $1,448,000. Polaris Capital Management LLC increased its stake in Tutor Perini Corp. by 28.4% in the fourth quarter. Polaris Capital Management LLC now owns 86,471 shares of the company’s stock worth $1,448,000 after buying an additional 19,100 shares during the period. Sabal Capital Management LLC bought a new stake in Tutor Perini Corp. during the fourth quarter worth about $1,098,000. Wells Fargo & Company MN increased its stake 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 worth $18,399,000 after buying an additional 81,024 shares during the period. Finally, Pzena Investment Management LLC increased its stake 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 worth $12,546,000 after buying an additional 9,525 shares during the period.

Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

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