Tutor Perini (NYSE:TPC) Upgraded at StockNews.com

StockNews.com upgraded shares of Tutor Perini (NYSE:TPC) from a hold rating to a buy rating in a research note released on Thursday.

A number of other equities analysts have also recently weighed in on the stock. UBS Group upped their price objective on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. B. Riley increased their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $30.51 on Thursday. The company has a fifty day moving average price of $26.08 and a 200 day moving average price of $22.82. The company has a quick ratio of 1.65, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini has a twelve month low of $6.86 and a twelve month high of $34.55.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.71) earnings per share. Equities analysts expect that Tutor Perini will post -1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Tutor Perini

Several large investors have recently modified their holdings of TPC. Empowered Funds LLC raised its stake in Tutor Perini by 17.3% during the first quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock worth $3,166,000 after acquiring an additional 32,325 shares during the period. XTX Topco Ltd acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $746,000. Acadian Asset Management LLC increased its stake in shares of Tutor Perini by 152.0% in the first quarter. Acadian Asset Management LLC now owns 292,435 shares of the construction company’s stock valued at $4,227,000 after purchasing an additional 176,398 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Tutor Perini in the second quarter valued at approximately $482,000. Finally, Caxton Associates LP increased its stake in shares of Tutor Perini by 254.0% in the second quarter. Caxton Associates LP now owns 77,466 shares of the construction company’s stock valued at $1,687,000 after purchasing an additional 55,583 shares during the period. Institutional investors own 65.01% of the company’s stock.

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.