Tutor Perini (TPC) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Tutor Perini (NYSE:TPC) from a strong sell rating to a sell rating in a report released on Friday morning.

Several other analysts also recently commented on TPC. Zacks Investment Research downgraded shares of Tutor Perini from a hold rating to a sell rating in a research report on Friday, October 26th. MKM Partners set a $28.00 price target on shares of Tutor Perini and gave the company a buy rating in a research report on Friday, September 28th. UBS Group set a $24.00 price target on shares of Tutor Perini and gave the company a buy rating in a research report on Thursday, November 8th. Finally, B. Riley reduced their price target on shares of Tutor Perini from $26.00 to $24.00 and set a buy rating for the company in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company. Tutor Perini has a consensus rating of Buy and a consensus price target of $27.57.

Shares of NYSE:TPC traded up $0.23 during trading on Friday, hitting $17.83. 290,271 shares of the company were exchanged, compared to its average volume of 559,431. The company has a market capitalization of $874.45 million, a PE ratio of 12.38, a P/E/G ratio of 1.00 and a beta of 2.08. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.45. Tutor Perini has a 12-month low of $14.92 and a 12-month high of $28.30.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, November 7th. The construction company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.32). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a return on equity of 4.35% and a net margin of 2.58%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts predict that Tutor Perini will post 1.74 EPS for the current fiscal year.

In other news, Director Sidney J. Feltenstein acquired 20,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were bought at an average cost of $17.23 per share, with a total value of $344,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 27,433 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $20.02, for a total transaction of $549,208.66. Following the completion of the transaction, the insider now directly owns 5,698,983 shares in the company, valued at $114,093,639.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,574 shares of company stock valued at $2,367,300. 24.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new position in Tutor Perini in the 1st quarter valued at $210,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Tutor Perini in the 3rd quarter valued at $260,000. Commonwealth Bank of Australia acquired a new position in Tutor Perini in the 3rd quarter valued at $261,000. Nomura Holdings Inc. acquired a new position in Tutor Perini in the 2nd quarter valued at $298,000. Finally, Foundry Partners LLC increased its stake in Tutor Perini by 34.1% in the 3rd quarter. Foundry Partners LLC now owns 16,355 shares of the construction company’s stock valued at $307,000 after buying an additional 4,155 shares during the period. 86.44% of the stock is currently owned by institutional investors.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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Analyst Recommendations for Tutor Perini (NYSE:TPC)

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