Tutor Perini Corporation (NYSE:TPC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity reiterated a “buy” rating and set a $35.00 price target on shares of Tutor Perini Corporation in a research report on Saturday, August 26th. BidaskClub upgraded shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini Corporation in a research report on Friday, August 25th. Finally, Seaport Global Securities lowered shares of Tutor Perini Corporation from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Tutor Perini Corporation has a consensus rating of “Hold” and a consensus target price of $32.00.

Shares of Tutor Perini Corporation (NYSE TPC) traded down 3.78% during mid-day trading on Wednesday, hitting $28.00. 280,012 shares of the stock were exchanged. Tutor Perini Corporation has a 1-year low of $18.05 and a 1-year high of $33.00. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 13.73 and a beta of 2.45. The company’s 50-day moving average is $26.89 and its 200-day moving average is $27.83.

Tutor Perini Corporation (NYSE:TPC) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts anticipate that Tutor Perini Corporation will post $2.26 earnings per share for the current fiscal year.

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In other Tutor Perini Corporation news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.11, for a total value of $652,750.00. Following the transaction, the insider now owns 5,923,120 shares of the company’s stock, valued at $154,652,663.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ronald N. Tutor sold 3,617 shares of Tutor Perini Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $26.02, for a total transaction of $94,114.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,000 shares of company stock worth $4,566,711. Insiders own 24.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Tutor Perini Corporation by 64.7% in the first quarter. Bank of America Corp DE now owns 311,710 shares of the construction company’s stock valued at $9,913,000 after purchasing an additional 122,419 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Tutor Perini Corporation by 3.3% in the second quarter. First Trust Advisors LP now owns 253,480 shares of the construction company’s stock valued at $7,288,000 after purchasing an additional 8,011 shares during the last quarter. LSV Asset Management raised its holdings in shares of Tutor Perini Corporation by 14.4% in the second quarter. LSV Asset Management now owns 1,964,456 shares of the construction company’s stock valued at $56,478,000 after purchasing an additional 247,500 shares during the last quarter. Falcon Point Capital LLC raised its holdings in shares of Tutor Perini Corporation by 0.7% in the second quarter. Falcon Point Capital LLC now owns 62,159 shares of the construction company’s stock valued at $1,787,000 after purchasing an additional 447 shares during the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Tutor Perini Corporation by 20.5% in the second quarter. Systematic Financial Management LP now owns 301,318 shares of the construction company’s stock valued at $8,663,000 after purchasing an additional 51,238 shares during the last quarter. Institutional investors own 81.11% 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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