Tutor Perini Corporation (TPC) Given Consensus Rating of “Buy” by Brokerages
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.
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