Tutor Perini Corporation (NYSE:TPC) – Stock analysts at Seaport Global Securities raised their Q2 2018 EPS estimates for Tutor Perini Corporation in a research note issued on Monday. Seaport Global Securities analyst M. Shlisky now forecasts that the construction company will earn $0.75 per share for the quarter, up from their prior forecast of $0.72. Seaport Global Securities has a “Neutral” rating and a $31.00 price objective on the stock. Seaport Global Securities also issued estimates for Tutor Perini Corporation’s Q3 2018 earnings at $0.66 EPS and FY2018 earnings at $2.68 EPS.

A number of other research analysts have also recently weighed in on the company. BidaskClub cut Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. KeyCorp restated a “hold” rating on shares of Tutor Perini Corporation in a research report on Friday, August 25th. Zacks Investment Research upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target on shares of Tutor Perini Corporation in a research report on Saturday, August 26th. Finally, B. Riley dropped their price target on Tutor Perini Corporation from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.63.

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Shares of Tutor Perini Corporation (NYSE TPC) traded down $0.75 during mid-day trading on Tuesday, hitting $23.10. The stock had a trading volume of 484,700 shares, compared to its average volume of 350,568. Tutor Perini Corporation has a twelve month low of $22.60 and a twelve month high of $33.00. The stock has a market capitalization of $1,187.28, a PE ratio of 12.36, a P/E/G ratio of 1.31 and a beta of 2.39. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52.

Tutor Perini Corporation (NYSE:TPC) last released its earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). Tutor Perini Corporation had a net margin of 2.03% and a return on equity of 6.16%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business posted $0.57 EPS. Tutor Perini Corporation’s revenue was down 10.0% compared to the same quarter last year.

In related news, CEO Ronald N. Tutor sold 75,000 shares of Tutor Perini Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total transaction of $1,956,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $26.11, for a total value of $652,750.00. Following the sale, the insider now owns 5,923,120 shares of the company’s stock, valued at approximately $154,652,663.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,000 shares of company stock valued at $4,566,711. 24.50% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in Tutor Perini Corporation by 86.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 162,956 shares of the construction company’s stock worth $4,682,000 after buying an additional 75,407 shares during the last quarter. Bank of America Corp DE boosted its stake in Tutor Perini Corporation by 64.7% in the 1st quarter. Bank of America Corp DE now owns 311,710 shares of the construction company’s stock worth $9,913,000 after buying an additional 122,419 shares during the last quarter. First Trust Advisors LP boosted its stake in Tutor Perini Corporation by 3.3% in the 2nd quarter. First Trust Advisors LP now owns 253,480 shares of the construction company’s stock worth $7,288,000 after buying an additional 8,011 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Tutor Perini Corporation in the 3rd quarter worth about $688,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Tutor Perini Corporation by 8.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 146,439 shares of the construction company’s stock worth $4,210,000 after buying an additional 11,708 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Tutor Perini Corporation (NYSE:TPC)

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