Tutor Perini (NYSE:TPC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Several other brokerages have also issued reports on TPC. Zacks Investment Research upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Saturday, January 20th. DA Davidson restated a “buy” rating on shares of Tutor Perini in a research report on Wednesday, February 28th. MKM Partners set a $27.00 price target on shares of Tutor Perini and gave the company a “buy” rating in a research report on Wednesday, February 28th. Canaccord Genuity restated a “buy” rating and set a $32.00 price target on shares of Tutor Perini in a research report on Friday, February 16th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Tutor Perini in a research report on Monday, March 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.43.
Tutor Perini (NYSE:TPC) opened at $21.85 on Tuesday. Tutor Perini has a 1 year low of $21.15 and a 1 year high of $32.70. The stock has a market cap of $1,087.93, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.99 and a beta of 2.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.94 and a quick ratio of 1.94.
In other Tutor Perini news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the completion of the sale, the insider now directly owns 5,748,120 shares in the company, valued at $127,953,151.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 24.50% of the company’s stock.
Large investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new position in shares of Tutor Perini during the fourth quarter valued at about $101,000. SG Americas Securities LLC bought a new position in shares of Tutor Perini during the third quarter valued at about $135,000. Bank of Montreal Can raised its stake in shares of Tutor Perini by 328.5% during the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock valued at $191,000 after acquiring an additional 5,788 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Tutor Perini by 119.4% during the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock valued at $195,000 after acquiring an additional 3,743 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Tutor Perini during the third quarter valued at about $207,000. 85.38% of the stock is owned by hedge funds and other institutional investors.
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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.
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