Tutor Perini Corp. (NYSE:TPC) hit a new 52-week high during mid-day trading on Thursday . The stock 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.

Several equities research analysts recently issued reports 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 assumed coverage on Tutor Perini Corp. in a research note on Monday, April 11th. They issued a “buy” rating and a $22.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Tutor Perini Corp. in a research note on Wednesday, June 29th. FBR & Co reiterated an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of Tutor Perini Corp. in a research note on Thursday, June 30th. Finally, MKM Partners assumed coverage on Tutor Perini Corp. in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $23.00 price target for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tutor Perini Corp. has an average rating of “Buy” and an average target price of $21.86.

The stock has a 50-day moving average of $23.32 and a 200 day moving average of $17.32. The company has a market capitalization of $1.23 billion and a P/E ratio of 22.38.

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

Other large investors recently modified their holdings of the company. Pear Tree Advisors Inc. bought a new stake in shares of Tutor Perini Corp. during the fourth quarter valued at about $1,448,000. Polaris Capital Management LLC raised its stake in shares of Tutor Perini Corp. by 28.4% in the fourth quarter. Polaris Capital Management LLC now owns 86,471 shares of the company’s stock valued at $1,448,000 after buying an additional 19,100 shares during the last quarter. Sabal Capital Management LLC bought a new stake in shares of Tutor Perini Corp. during the fourth quarter valued at about $1,098,000. Wells Fargo & Company MN raised its stake in shares of 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. Finally, California Public Employees Retirement System raised 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 valued at $1,992,000 after buying an additional 7,900 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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