Canaccord Genuity reaffirmed their buy rating on shares of Tutor Perini (NYSE:TPC) in a report issued on Friday, February 16th. The brokerage currently has a $32.00 target price on the construction company’s stock.
A number of other research firms have also recently issued reports on TPC. ValuEngine raised shares of Tutor Perini from a hold rating to a buy rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Tutor Perini from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 14th. B. Riley reiterated a buy rating on shares of Tutor Perini in a research note on Wednesday, November 1st. Finally, dropped their price target on shares of Tutor Perini from $37.00 to $35.00 and set a buy rating on the stock in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Tutor Perini has a consensus rating of Hold and an average target price of $30.43.
Shares of Tutor Perini (TPC) traded down $0.57 on Friday, hitting $22.35. 1,160,000 shares of the stock traded hands, compared to its average volume of 670,515. Tutor Perini has a 52-week low of $21.15 and a 52-week high of $32.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $1,110.00, a PE ratio of 11.95, a PEG ratio of 1.05 and a beta of 2.06.
In related news, Director Dale Ann Reiss sold 4,829 shares of Tutor Perini stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total value of $131,735.12. Following the completion of the transaction, the director now owns 20,625 shares in the company, valued at $562,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the transaction, the insider now owns 5,748,120 shares of the company’s stock, valued at approximately $127,953,151.20. The disclosure for this sale can be found here. 24.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Tutor Perini during the 4th quarter worth approximately $487,000. Westside Investment Management Inc. lifted its position in shares of Tutor Perini by 8.0% during the 4th quarter. Westside Investment Management Inc. now owns 60,760 shares of the construction company’s stock worth $1,571,000 after buying an additional 4,480 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Tutor Perini during the 4th quarter worth approximately $676,000. Two Sigma Investments LP lifted its position in shares of Tutor Perini by 49.6% during the 4th quarter. Two Sigma Investments LP now owns 135,521 shares of the construction company’s stock worth $3,435,000 after buying an additional 44,925 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Tutor Perini during the 4th quarter worth approximately $323,000. Institutional investors own 85.38% of the company’s stock.
About Tutor Perini
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.
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.