Tutor Perini Corp. (TPC) Stock Price Down 1.8%
Tutor Perini Corp. (NYSE:TPC) shares traded down 1.8% on Friday . The company traded as low as $24.99 and last traded at $25.03, with a volume of 192,153 shares traded. The stock had previously closed at $25.49.
A number of research analysts have weighed in on the stock. FBR & Co boosted their target price on shares of Tutor Perini Corp. from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Standpoint Research lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. MKM Partners assumed coverage on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $23.00 target price for the company. Zacks Investment Research lowered shares of Tutor Perini Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tutor Perini Corp. currently has a consensus rating of “Buy” and a consensus price target of $21.86.
The stock has a 50-day moving average of $23.32 and a 200-day moving average of $17.32. The firm has a market capitalization of $1.23 billion and a PE 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 for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12. During the same period last year, the business posted $0.10 EPS. The business earned $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Tutor Perini Corp. will post $2.08 EPS for the current fiscal year.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Sabal Capital Management LLC acquired a new position in Tutor Perini Corp. during the fourth quarter worth $1,098,000. California State Teachers Retirement System increased its position 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 worth $1,165,000 after buying an additional 1,247 shares during the period. Pear Tree Advisors Inc. acquired a new position in Tutor Perini Corp. during the fourth quarter worth $1,448,000. Polaris Capital Management LLC increased its position 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. Finally, 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 worth $1,478,000 after buying an additional 14,860 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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