Tutor Perini Corp (NYSE:TPC) Given Consensus Rating of “Hold” by Brokerages
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.
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
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