Tutor Perini Corp (NYSE:TPC) has earned an average rating of “Buy” from the nine research firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.20.

Several research analysts have commented on TPC shares. MKM Partners assumed coverage on shares of Tutor Perini Corp in a report on Wednesday, June 29th. They issued a “neutral” rating and a $23.00 target price for the company. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Tutor Perini Corp in a research report on Wednesday, June 29th. FBR & Co reissued an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of Tutor Perini Corp in a research report on Thursday, June 30th. 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, TheStreet lowered shares of Tutor Perini Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd.

Tutor Perini Corp (NYSE:TPC) opened at 20.93 on Monday. Tutor Perini Corp has a 52 week low of $10.16 and a 52 week high of $25.98. The stock has a 50 day moving average of $21.90 and a 200 day moving average of $21.23. The stock has a market capitalization of $1.03 billion, a P/E ratio of 15.98 and a beta of 2.48.

Tutor Perini Corp (NYSE:TPC) last announced its earnings results on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.51 by $0.08. Tutor Perini Corp had a return on equity of 5.49% and a net margin of 1.32%. The firm earned $1.31 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts predict that Tutor Perini Corp will post $2.04 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Tutor Perini Corp by 9.0% in the first quarter. BlackRock Inc. now owns 12,899 shares of the company’s stock valued at $200,000 after buying an additional 1,064 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Tutor Perini Corp by 4.1% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 841,183 shares of the company’s stock valued at $19,810,000 after buying an additional 32,840 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Tutor Perini Corp by 7.1% in the second quarter. Emerald Advisers Inc. PA now owns 854,984 shares of the company’s stock valued at $20,135,000 after buying an additional 56,660 shares during the last quarter. DIAM Co. Ltd. raised its position in shares of Tutor Perini Corp by 0.9% in the second quarter. DIAM Co. Ltd. now owns 57,312 shares of the company’s stock valued at $1,338,000 after buying an additional 512 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Tutor Perini Corp by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 985,170 shares of the company’s stock valued at $15,310,000 after buying an additional 16,868 shares during the last quarter. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

About Tutor Perini Corp

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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