Tutor Perini Corp. (NYSE:TPC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. “

A number of other research analysts also recently issued reports on the company. Sidoti downgraded Tutor Perini Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $22.00 in a research note on Thursday, November 3rd. Seaport Global Securities upgraded Tutor Perini Corp. from an “accumulate” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, October 24th. They noted that the move was a valuation call. MKM Partners set a $28.00 price objective on Tutor Perini Corp. and gave the company a “buy” rating in a research note on Friday, October 7th. Standpoint Research raised Tutor Perini Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 3rd. Finally, TheStreet cut Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tutor Perini Corp. presently has an average rating of “Buy” and a consensus target price of $25.50.

Analyst Recommendations for Tutor Perini Corp. (NYSE:TPC)

Tutor Perini Corp. (NYSE:TPC) opened at 22.45 on Tuesday. The company has a 50 day moving average price of $20.37 and a 200-day moving average price of $21.85. The company has a market cap of $1.10 billion, a PE ratio of 15.07 and a beta of 2.49. Tutor Perini Corp. has a 12 month low of $10.16 and a 12 month high of $25.98.

Tutor Perini Corp. (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.05. The business earned $1.33 billion during the quarter, compared to the consensus estimate of $1.38 million. Tutor Perini Corp. had a net margin of 1.51% and a return on equity of 5.05%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Equities analysts predict that Tutor Perini Corp. will post $1.93 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. DIAM Co. Ltd. boosted its stake 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 worth $1,338,000 after buying an additional 512 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Tutor Perini Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,468 shares of the company’s stock worth $129,000 after buying an additional 665 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Tutor Perini Corp. by 4.1% in the second quarter. BlackRock Advisors LLC now owns 17,801 shares of the company’s stock worth $419,000 after buying an additional 704 shares during the period. Rhumbline Advisers boosted its stake in shares of Tutor Perini Corp. by 1.7% in the third quarter. Rhumbline Advisers now owns 46,293 shares of the company’s stock worth $994,000 after buying an additional 760 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Tutor Perini Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 80,000 shares of the company’s stock worth $1,718,000 after buying an additional 800 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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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