Several other equities analysts have also commented on the stock. DA Davidson restated a buy rating and issued a $18.00 price objective on shares of Tutor Perini in a report on Monday, August 12th. Zacks Investment Research lowered shares of Tutor Perini from a hold rating to a strong sell rating in a report on Wednesday, August 14th. Finally, TheStreet lowered shares of Tutor Perini from a c rating to a d rating in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Tutor Perini currently has an average rating of Hold and an average target price of $21.67.
NYSE:TPC remained flat at $$18.47 on Wednesday. 635,241 shares of the company’s stock traded hands, compared to its average volume of 463,624. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market capitalization of $928.67 million, a PE ratio of 9.67 and a beta of 1.96. The stock has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $14.20. Tutor Perini has a 12 month low of $9.24 and a 12 month high of $20.52.
Several hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC acquired a new stake in Tutor Perini during the 3rd quarter worth approximately $57,000. Kempen Capital Management N.V. lifted its holdings in Tutor Perini by 39.8% during the 2nd quarter. Kempen Capital Management N.V. now owns 4,640 shares of the construction company’s stock worth $64,000 after buying an additional 1,320 shares in the last quarter. Bank of Montreal Can lifted its holdings in Tutor Perini by 190.5% during the 2nd quarter. Bank of Montreal Can now owns 5,118 shares of the construction company’s stock worth $71,000 after buying an additional 3,356 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its holdings in Tutor Perini by 133.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,400 shares of the construction company’s stock worth $117,000 after buying an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 92.36% 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 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.
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