Tutor Perini (NYSE:TPC) Trading 5.9% Higher – Should You Buy?

Tutor Perini Co. (NYSE:TPC) shares traded up 5.9% during trading on Thursday . The stock traded as high as $24.72 and last traded at $24.50. 121,244 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 585,172 shares. The stock had previously closed at $23.14.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Vertical Research started coverage on Tutor Perini in a report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price on the stock. B. Riley upped their price objective on Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Stock Up 2.9 %

The firm’s 50-day simple moving average is $24.34 and its 200 day simple moving average is $25.06. The company has a market cap of $1.25 billion, a P/E ratio of -9.50 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Director Raymond R. Oneglia sold 50,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.68, for a total transaction of $1,434,000.00. Following the completion of the sale, the director now owns 250,000 shares in the company, valued at approximately $7,170,000. The trade was a 16.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.50% of the company’s stock.

Institutional Trading of Tutor Perini

Large investors have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of Tutor Perini in the 3rd quarter valued at $52,000. CWM LLC boosted its stake in Tutor Perini by 53.0% in the 3rd quarter. CWM LLC now owns 2,622 shares of the construction company’s stock worth $71,000 after purchasing an additional 908 shares during the period. FMR LLC boosted its stake in Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares during the period. State of Wyoming boosted its stake in Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock worth $150,000 after purchasing an additional 1,764 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Tutor Perini in the 3rd quarter worth $201,000. Institutional investors own 65.01% of the company’s stock.

About Tutor Perini

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.