Tutor Perini Corp (NYSE:TPC) – Research analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Tutor Perini in a research note issued on Tuesday. KeyCorp analyst S. Eastman expects that the construction company will post earnings per share of $0.31 for the quarter. KeyCorp currently has a “Overweight” rating and a $28.00 target price on the stock. KeyCorp also issued estimates for Tutor Perini’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.58 EPS and FY2019 earnings at $2.51 EPS.

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A number of other research firms also recently issued reports on TPC. DA Davidson reiterated a “buy” rating on shares of Tutor Perini in a report on Wednesday. ValuEngine upgraded Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Canaccord Genuity decreased their price objective on Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, November 10th. Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, February 14th. Finally, B. Riley decreased their price objective on Tutor Perini from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $30.43.

Tutor Perini (TPC) opened at $21.95 on Friday. The company has a quick ratio of 2.07, a current ratio of 1.94 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1,105.36, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.02 and a beta of 2.06. Tutor Perini has a twelve month low of $21.15 and a twelve month high of $32.70.

In other news, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the sale, the director now directly owns 20,625 shares of the company’s stock, valued at $562,650. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total value of $640,000.00. Following the completion of the sale, the insider now directly owns 5,798,120 shares in the company, valued at $148,431,872. The disclosure for this sale can be found here. Corporate insiders own 24.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. James Investment Research Inc. purchased a new stake in shares of Tutor Perini in the fourth quarter worth $1,600,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Tutor Perini in the fourth quarter worth $101,000. State Street Corp grew its stake in shares of Tutor Perini by 4.7% in the second quarter. State Street Corp now owns 750,365 shares of the construction company’s stock worth $21,576,000 after acquiring an additional 33,774 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Tutor Perini by 1.5% in the third quarter. Principal Financial Group Inc. now owns 390,557 shares of the construction company’s stock worth $11,091,000 after acquiring an additional 5,918 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Tutor Perini by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 295,249 shares of the construction company’s stock worth $8,444,000 after acquiring an additional 4,077 shares during the last quarter. 83.74% of the stock is currently 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.

Earnings History and Estimates for Tutor Perini (NYSE:TPC)

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