Tutor Perini (NYSE:TPC – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Tutor Perini Trading Up 28.0 %
Shares of Tutor Perini stock opened at $17.78 on Friday. Tutor Perini has a 12-month low of $4.90 and a 12-month high of $17.95. The company has a market cap of $929.54 million, a price-to-earnings ratio of -8.72 and a beta of 1.62. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $12.91 and its 200-day moving average price is $9.93.
Tutor Perini (NYSE:TPC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative return on equity of 7.99% and a negative net margin of 2.56%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $951.50 million. On average, equities analysts expect that Tutor Perini will post 0.92 earnings per share for the current fiscal year.
Insider Transactions at Tutor Perini
Institutional Investors Weigh In On Tutor Perini
Institutional investors and hedge funds have recently bought and sold shares of the stock. Highlander Capital Management LLC raised its stake in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock valued at $59,000 after purchasing an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Tutor Perini by 606.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock valued at $68,000 after acquiring an additional 6,383 shares during the last quarter. Westend Capital Management LLC bought a new position in Tutor Perini during the first quarter valued at approximately $234,000. John G Ullman & Associates Inc. bought a new position in Tutor Perini during the fourth quarter valued at approximately $150,000. Finally, Corton Capital Inc. grew its position in Tutor Perini by 56.5% during the third quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock valued at $149,000 after acquiring an additional 6,887 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.
Tutor Perini Company Profile
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.
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