Tutor Perini Corporation (NYSE:TPC) Upgraded by BidaskClub to Hold
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.
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