Tutor Perini Corp (NYSE:TPC) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.17.

TPC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Tutor Perini Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Canaccord Genuity restated a “buy” rating and set a $35.00 price objective on shares of Tutor Perini Corp in a research note on Saturday, August 26th. BidaskClub upgraded shares of Tutor Perini Corp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, KeyCorp restated a “hold” rating on shares of Tutor Perini Corp in a research note on Friday, August 25th.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corp stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $26.11, for a total value of $652,750.00. Following the completion of the sale, the insider now directly owns 5,923,120 shares in the company, valued at $154,652,663.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronald N. Tutor sold 3,617 shares of Tutor Perini Corp stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $26.02, for a total transaction of $94,114.34. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $4,566,711 over the last quarter. Company insiders own 24.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Tutor Perini Corp in the first quarter worth approximately $101,000. Envestnet Asset Management Inc. boosted its holdings in shares of Tutor Perini Corp by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,516 shares of the construction company’s stock worth $144,000 after buying an additional 340 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Tutor Perini Corp in the first quarter worth approximately $218,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Tutor Perini Corp by 239.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock worth $233,000 after buying an additional 5,725 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of Tutor Perini Corp in the first quarter worth approximately $310,000. 81.11% of the stock is currently owned by institutional investors.

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Tutor Perini Corp (NYSE TPC) traded down 0.69% during midday trading on Friday, hitting $28.65. 405,948 shares of the stock traded hands. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.09 and a beta of 2.45. Tutor Perini Corp has a 52 week low of $18.05 and a 52 week high of $33.00. The stock’s 50-day moving average price is $26.32 and its 200-day moving average price is $27.83.

Tutor Perini Corp (NYSE:TPC) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.42 billion. Tutor Perini Corp had a net margin of 2.62% and a return on equity of 7.64%. Tutor Perini Corp’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Equities research analysts expect that Tutor Perini Corp will post $2.26 EPS for the current fiscal year.

About Tutor Perini Corp

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.

Analyst Recommendations for Tutor Perini Corp (NYSE:TPC)

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