Tutor Perini Corp (NYSE:TPC) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.17.
TPC has been the subject of a number of research reports. ValuEngine lowered Tutor Perini from a “sell” rating to a “strong sell” rating in a report on Saturday, September 22nd. Zacks Investment Research upgraded Tutor Perini from a “sell” rating to a “hold” rating in a report on Friday, August 10th. B. Riley lowered their price target on Tutor Perini from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Finally, MKM Partners set a $28.00 price target on Tutor Perini and gave the company a “buy” rating in a report on Tuesday, August 28th.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 17,574 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $20.08, for a total transaction of $352,885.92. Following the completion of the sale, the insider now owns 5,626,601 shares in the company, valued at approximately $112,982,148.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ronald N. Tutor sold 32,574 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $20.10, for a total value of $654,737.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,574 shares of company stock valued at $2,367,300. 24.50% of the stock is owned by company insiders.
Shares of NYSE TPC opened at $18.75 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $910.30 million, a P/E ratio of 13.02, a PEG ratio of 0.85 and a beta of 2.08. Tutor Perini has a 52-week low of $15.06 and a 52-week high of $28.30.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, November 7th. The construction company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.32). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Tutor Perini had a net margin of 2.58% and a return on equity of 4.55%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Tutor Perini will post 2.13 EPS for the current 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.
Further Reading: Cost of Debt
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