Brokerages Set Tutor Perini Corp (TPC) Target Price at $31.00
Tutor Perini Corp (NYSE:TPC) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $31.00.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity boosted their target price on shares of Tutor Perini Corp from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 19th. Standpoint Research raised shares of Tutor Perini Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, January 25th. MKM Partners boosted their target price on shares of Tutor Perini Corp from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, December 28th. KeyCorp assumed coverage on shares of Tutor Perini Corp in a research report on Friday, January 27th. They issued a “sector weight” rating for the company. Finally, FBR & Co boosted their target price on shares of Tutor Perini Corp from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th.
In other news, COO James A. Frost sold 110,000 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $30.27, for a total value of $3,329,700.00. Following the completion of the sale, the chief operating officer now owns 534,661 shares of the company’s stock, valued at $16,184,188.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in Tutor Perini Corp by 746.7% in the third quarter. US Bancorp DE now owns 5,199 shares of the construction company’s stock worth $112,000 after buying an additional 4,585 shares during the period. Dreman Value Management L L C boosted its position in Tutor Perini Corp by 4,694.1% in the third quarter. Dreman Value Management L L C now owns 8,150 shares of the construction company’s stock worth $175,000 after buying an additional 7,980 shares during the period. Sei Investments Co. purchased a new position in Tutor Perini Corp during the third quarter worth approximately $191,000. Bayesian Capital Management LP purchased a new position in Tutor Perini Corp during the fourth quarter worth approximately $216,000. Finally, A.R.T. Advisors LLC purchased a new position in Tutor Perini Corp during the fourth quarter worth approximately $242,000. 80.29% of the stock is owned by institutional investors and hedge funds.
Tutor Perini Corp (NYSE:TPC) traded up 0.16% on Monday, reaching $31.20. 577,277 shares of the company were exchanged. The stock has a 50 day moving average of $30.63 and a 200 day moving average of $27.31. The firm has a market capitalization of $1.54 billion, a PE ratio of 16.25 and a beta of 2.60. Tutor Perini Corp has a 12-month low of $14.95 and a 12-month high of $33.00.
Tutor Perini Corp (NYSE:TPC) last announced its earnings results on Thursday, February 23rd. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Tutor Perini Corp had a net margin of 1.51% and a return on equity of 5.05%. Tutor Perini Corp’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities analysts anticipate that Tutor Perini Corp will post $2.28 EPS for the current year.
WARNING: “Brokerages Set Tutor Perini Corp (TPC) Target Price at $31.00” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/brokerages-set-tutor-perini-corp-tpc-target-price-at-31-00/1205778.html.
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.
Receive News & Ratings for Tutor Perini Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.