Tutor Perini Corp. (NYSE:TPC) shares traded down 1.8% during trading on Friday . The company traded as low as $24.99 and last traded at $25.03, with a volume of 192,153 shares changing hands. The stock had previously closed at $25.49.

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

The firm’s 50-day moving average is $23.21 and its 200 day moving average is $17.27. The firm has a market cap of $1.23 billion and a price-to-earnings ratio of 22.38.

Tutor Perini Corp. (NYSE:TPC) last released its earnings results on Wednesday, May 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.12. During the same quarter in the previous year, the company posted $0.10 EPS. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Tutor Perini Corp. will post $2.08 earnings per share for the current year.

A number of hedge funds recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in 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 valued at $1,165,000 after buying an additional 1,247 shares during the last quarter. First Trust Advisors LP raised its stake 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 during the last quarter. California Public Employees Retirement System raised its stake 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 during the last quarter. Pzena Investment Management LLC raised 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 valued at $12,546,000 after buying an additional 9,525 shares during the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $18,399,000 after buying an additional 81,024 shares during the last quarter.

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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