Shares of Tutor Perini Corp (NYSE:TPC) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $22.80.

Several research firms recently commented on TPC. Zacks Investment Research upgraded shares of Tutor Perini from a “strong sell” rating to a “hold” rating in a report on Wednesday. MKM Partners set a $27.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a report on Thursday, February 28th. ValuEngine upgraded shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Friday, February 22nd. UBS Group lowered shares of Tutor Perini from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $19.00 in a report on Friday, February 1st. Finally, KeyCorp set a $24.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a report on Tuesday, January 29th.

In related news, major shareholder N. Tutor Separate Prope Ronald sold 75,000 shares of Tutor Perini stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $16.13, for a total value of $1,209,750.00. Following the completion of the sale, the insider now owns 5,536,601 shares in the company, valued at $89,305,374.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dale Anne Reiss sold 4,000 shares of Tutor Perini stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $15.78, for a total transaction of $63,120.00. Following the completion of the sale, the director now owns 31,265 shares of the company’s stock, valued at approximately $493,361.70. The disclosure for this sale can be found here. Company insiders own 24.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in Tutor Perini by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 423,044 shares of the construction company’s stock worth $6,756,000 after acquiring an additional 33,132 shares in the last quarter. Norges Bank bought a new stake in Tutor Perini in the fourth quarter worth about $6,642,000. Penn Capital Management Co. Inc. raised its position in Tutor Perini by 24.2% in the fourth quarter. Penn Capital Management Co. Inc. now owns 218,246 shares of the construction company’s stock worth $3,485,000 after acquiring an additional 42,514 shares in the last quarter. Millennium Management LLC bought a new stake in Tutor Perini in the fourth quarter worth about $2,480,000. Finally, Covington Capital Management raised its position in Tutor Perini by 90.2% in the fourth quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock worth $135,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.

NYSE TPC opened at $18.63 on Friday. Tutor Perini has a one year low of $14.66 and a one year high of $23.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $954.97 million, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.90 and a beta of 1.88.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.19. Tutor Perini had a net margin of 1.87% and a return on equity of 5.56%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $1.60 earnings per share. Tutor Perini’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Tutor Perini will post 2.12 EPS for the current year.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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Analyst Recommendations for Tutor Perini (NYSE:TPC)

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