Shares of Tutor Perini Corp (NYSE:TPC) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.20.

TPC has been the subject of a number of research reports. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. TheStreet lowered shares of Tribune Publishing from a “c-” rating to a “d+” rating in a research report on Monday, May 20th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, DA Davidson upgraded shares of Tutor Perini from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, July 1st.

In other Tutor Perini news, CEO Ronald N. Tutor sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $13.31, for a total value of $665,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.51, for a total transaction of $330,200.00. Following the completion of the transaction, the insider now owns 5,594,050 shares of the company’s stock, valued at $92,357,765.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,000 shares of company stock valued at $1,823,200. Company insiders own 24.30% of the company’s stock.

Several large investors have recently modified their holdings of TPC. NumerixS Investment Technologies Inc bought a new position in shares of Tutor Perini during the fourth quarter worth $32,000. Covington Capital Management lifted its position in Tutor Perini by 90.2% during the fourth quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock valued at $135,000 after purchasing an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Tutor Perini by 142.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,716 shares of the construction company’s stock valued at $149,000 after purchasing an additional 5,127 shares during the last quarter. Denali Advisors LLC bought a new position in Tutor Perini during the second quarter valued at $182,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in Tutor Perini by 363.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,264 shares of the construction company’s stock valued at $196,000 after purchasing an additional 9,618 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

TPC stock traded up $0.03 during midday trading on Friday, reaching $13.41. 249,584 shares of the company’s stock traded hands, compared to its average volume of 396,316. Tutor Perini has a 52-week low of $12.62 and a 52-week high of $22.02. The company has a market cap of $671.41 million, a PE ratio of 7.02, a P/E/G ratio of 0.64 and a beta of 1.91. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average is $13.99.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, May 8th. The construction company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.06). Tutor Perini had a net margin of 2.17% and a return on equity of 5.42%. The business had revenue of $958.49 million for the quarter, compared to analysts’ expectations of $1.01 billion. Sell-side analysts anticipate that Tutor Perini will post 2.11 earnings per share for the current fiscal year.

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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

See Also: Net Income

Analyst Recommendations for Tutor Perini (NYSE:TPC)

Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.