Tutor Perini Corporation (NYSE:TPC) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.00.

Several equities research analysts recently commented on the company. BidaskClub upgraded Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Tutor Perini Corporation in a research report on Friday, August 25th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective on shares of Tutor Perini Corporation in a research report on Saturday, August 26th. Finally, Seaport Global Securities lowered Tutor Perini Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $31.00 in a research report on Wednesday, October 11th.

In related news, CEO Ronald N. Tutor sold 75,000 shares of Tutor Perini Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.09, for a total value of $1,956,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $26.11, for a total value of $652,750.00. Following the completion of the transaction, the insider now owns 5,923,120 shares of the company’s stock, valued at $154,652,663.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,000 shares of company stock valued at $4,566,711. 24.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. TrueNorth Inc. raised its stake in Tutor Perini Corporation by 94.9% in the third quarter. TrueNorth Inc. now owns 86,054 shares of the construction company’s stock valued at $2,444,000 after buying an additional 41,902 shares in the last quarter. Boston Advisors LLC raised its stake in Tutor Perini Corporation by 3.6% in the third quarter. Boston Advisors LLC now owns 195,613 shares of the construction company’s stock valued at $5,555,000 after buying an additional 6,863 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Tutor Perini Corporation by 61.5% in the third quarter. Mutual of America Capital Management LLC now owns 112,639 shares of the construction company’s stock valued at $3,199,000 after buying an additional 42,908 shares in the last quarter. Afam Capital Inc. raised its stake in Tutor Perini Corporation by 2.1% in the second quarter. Afam Capital Inc. now owns 168,832 shares of the construction company’s stock valued at $4,854,000 after buying an additional 3,548 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Tutor Perini Corporation by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 29,820 shares of the construction company’s stock valued at $858,000 after buying an additional 481 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

Tutor Perini Corporation (NYSE:TPC) traded up 1.81% during mid-day trading on Thursday, reaching $28.10. 337,559 shares of the company traded hands. Tutor Perini Corporation has a 12-month low of $18.35 and a 12-month high of $33.00. The company’s 50-day moving average is $27.65 and its 200-day moving average is $27.61. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.82 and a beta of 2.45.

Tutor Perini Corporation (NYSE:TPC) last announced its earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that Tutor Perini Corporation will post $2.26 earnings per share for the current fiscal year.

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Tutor Perini Corporation Company Profile

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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