Tutor Perini Corp (NYSE:TPC) – Stock analysts at DA Davidson lowered their Q4 2017 earnings estimates for shares of Tutor Perini Corp in a report issued on Thursday, according to Zacks Investment Research. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. DA Davidson currently has a “Buy” rating on the stock.
Tutor Perini Corp (NYSE:TPC) last released its quarterly earnings results on Thursday, February 23rd. The construction company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.36 billion. Tutor Perini Corp had a return on equity of 5.05% and a net margin of 1.51%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS.
A number of other research analysts have also issued reports on the company. FBR & Co lifted their target price on Tutor Perini Corp from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Canaccord Genuity lifted their target price on Tutor Perini Corp from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Standpoint Research raised Tutor Perini Corp from a “hold” rating to a “buy” rating in a report on Wednesday, January 25th. Finally, KeyCorp assumed coverage on Tutor Perini Corp in a report on Friday, January 27th. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.00.
Tutor Perini Corp (NYSE:TPC) traded up 1.255% on Monday, hitting $26.225. The stock had a trading volume of 61,507 shares. Tutor Perini Corp has a 52-week low of $18.05 and a 52-week high of $33.00. The firm’s 50-day moving average is $30.05 and its 200-day moving average is $28.62. The company has a market cap of $1.30 billion, a P/E ratio of 13.994 and a beta of 2.60.
Several hedge funds have recently bought and sold shares of TPC. Russell Investments Group Ltd. purchased a new stake in Tutor Perini Corp during the fourth quarter worth approximately $8,590,000. Dai Ichi Life Holdings Inc. boosted its stake in Tutor Perini Corp by 75.9% in the third quarter. Dai Ichi Life Holdings Inc. now owns 128,120 shares of the construction company’s stock worth $2,751,000 after buying an additional 55,292 shares during the period. Cetera Advisors LLC purchased a new stake in Tutor Perini Corp during the third quarter worth approximately $366,000. Highbridge Capital Management LLC purchased a new stake in Tutor Perini Corp during the third quarter worth approximately $985,000. Finally, Citadel Advisors LLC boosted its stake in Tutor Perini Corp by 93.9% in the third quarter. Citadel Advisors LLC now owns 139,307 shares of the construction company’s stock worth $2,991,000 after buying an additional 67,452 shares during the period. Institutional investors and hedge funds own 80.29% of the company’s stock.
In other Tutor Perini Corp news, COO James A. Frost sold 110,000 shares of Tutor Perini Corp stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $30.27, for a total transaction of $3,329,700.00. Following the completion of the sale, the chief operating officer now directly owns 534,661 shares of the company’s stock, valued at approximately $16,184,188.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.40% of the stock is owned by insiders.
Tutor Perini Corp 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.
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