BidaskClub upgraded shares of Tutor Perini Corporation (NYSE:TPC) from a sell rating to a hold rating in a research report released on Thursday, July 6th.

A number of other equities research analysts have also issued reports on TPC. Canaccord Genuity reiterated a buy rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Zacks Investment Research upgraded Tutor Perini Corporation from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $31.29.

Shares of Tutor Perini Corporation (NYSE TPC) traded down 1.69% during trading on Thursday, hitting $26.25. The stock had a trading volume of 216,438 shares. The stock’s 50-day moving average price is $27.81 and its 200-day moving average price is $28.98. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00. The company has a market cap of $1.30 billion, a P/E ratio of 14.01 and a beta of 2.42.

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A number of large investors have recently modified their holdings of TPC. State Street Corp raised its stake in shares of Tutor Perini Corporation by 3.5% in the fourth quarter. State Street Corp now owns 766,066 shares of the construction company’s stock worth $21,447,000 after buying an additional 26,220 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $242,000. AQR Capital Management LLC raised its stake in shares of Tutor Perini Corporation by 33.9% in the fourth quarter. AQR Capital Management LLC now owns 301,340 shares of the construction company’s stock worth $8,437,000 after buying an additional 76,211 shares during the period. Numeric Investors LLC acquired a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $403,000. Finally, Putnam Investments LLC acquired a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $1,816,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.

About Tutor Perini Corporation

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 Corporation (NYSE:TPC)

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