Tutor Perini Corporation (NYSE:TPC) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.40.

A number of equities analysts recently weighed in on TPC shares. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd.

Shares of Tutor Perini Corporation (NYSE:TPC) traded down 2.97% on Tuesday, hitting $27.80. The company’s stock had a trading volume of 227,804 shares. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.83 and a beta of 2.43. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00. The stock has a 50-day moving average price of $26.72 and a 200 day moving average price of $28.97.

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Large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Tutor Perini Corporation by 3.5% in the fourth quarter. State Street Corp now owns 766,066 shares of the construction company’s stock worth $21,447,000 after buying an additional 26,220 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $242,000. Numeric Investors LLC purchased a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $403,000. Norges Bank purchased a new stake in shares of Tutor Perini Corporation during the fourth quarter worth $1,646,000. Finally, Teachers Advisors LLC raised its stake in shares of Tutor Perini Corporation by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 64,966 shares of the construction company’s stock worth $1,819,000 after buying an additional 2,195 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Tutor Perini Corporation

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 Corporation (NYSE:TPC)

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