Shares of Tutor Perini Corp (NYSE:TPC) have received a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $34.20.

TPC has been the subject of a number of analyst reports. Seaport Global Securities lowered shares of Tutor Perini from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $31.00 in a research note on Wednesday, October 11th. B. Riley reduced their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th. reduced their price objective on shares of Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Canaccord Genuity reduced their price objective on shares of Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.

Tutor Perini (TPC) traded up $0.75 during trading hours on Tuesday, hitting $27.50. 466,406 shares of the stock traded hands, compared to its average volume of 411,611. Tutor Perini has a one year low of $22.60 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $1,330.00, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.37.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, November 9th. The construction company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.22). Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. equities analysts forecast that Tutor Perini will post 1.83 earnings per share for the current year.

In other news, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total value of $131,735.12. Following the completion of the sale, the director now directly owns 20,625 shares of the company’s stock, valued at $562,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now directly owns 5,798,120 shares of the company’s stock, valued at $148,431,872. The disclosure for this sale can be found here. Insiders have sold 54,829 shares of company stock valued at $1,400,985 over the last ninety days. Insiders own 24.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Tutor Perini by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,173,742 shares of the construction company’s stock worth $119,994,000 after purchasing an additional 16,874 shares in the last quarter. Boston Partners lifted its position in shares of Tutor Perini by 33.2% in the third quarter. Boston Partners now owns 2,288,432 shares of the construction company’s stock worth $64,992,000 after purchasing an additional 570,799 shares in the last quarter. Towle & Co. lifted its position in shares of Tutor Perini by 4.0% in the third quarter. Towle & Co. now owns 913,610 shares of the construction company’s stock worth $25,947,000 after purchasing an additional 35,135 shares in the last quarter. Northern Trust Corp lifted its position in shares of Tutor Perini by 59.9% in the second quarter. Northern Trust Corp now owns 764,431 shares of the construction company’s stock worth $21,978,000 after purchasing an additional 286,310 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Tutor Perini by 4.7% in the second quarter. State Street Corp now owns 750,365 shares of the construction company’s stock worth $21,576,000 after purchasing an additional 33,774 shares in the last quarter. 81.78% of the stock is owned by institutional investors and hedge funds.

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Tutor Perini Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Analyst Recommendations for Tutor Perini (NYSE:TPC)

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