Tutor Perini Corp (NYSE:TPC) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.80.
A number of research firms recently weighed in on TPC. ValuEngine downgraded Tutor Perini from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, March 27th. TheStreet upgraded Tutor Perini from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Finally, MKM Partners set a $27.00 price objective on Tutor Perini and gave the company a “buy” rating in a research report on Thursday, February 28th.
NYSE:TPC opened at $13.20 on Tuesday. The company has a market capitalization of $644.82 million, a P/E ratio of 6.84, a PEG ratio of 0.61 and a beta of 2.06. Tutor Perini has a 1-year low of $12.70 and a 1-year high of $22.02. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.49.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.51, for a total value of $330,200.00. Following the completion of the sale, the insider now owns 5,594,050 shares in the company, valued at $92,357,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $13.31, for a total value of $665,500.00. The disclosure for this sale can be found here. Insiders sold 120,000 shares of company stock valued at $1,823,200 in the last quarter. Corporate insiders own 24.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc bought a new position in shares of Tutor Perini during the fourth quarter valued at approximately $32,000. Covington Capital Management raised its holdings in shares of Tutor Perini by 90.2% during the fourth quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock valued at $135,000 after acquiring an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Tutor Perini by 142.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,716 shares of the construction company’s stock valued at $149,000 after acquiring an additional 5,127 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Tutor Perini by 363.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,264 shares of the construction company’s stock worth $196,000 after purchasing an additional 9,618 shares during the period. Finally, Menta Capital LLC purchased a new stake in Tutor Perini in the fourth quarter worth $201,000. Institutional investors own 89.69% of the company’s stock.
Tutor Perini Company Profile
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.
Recommended Story: Understanding Market Liquidity
Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.