Tutor Perini (NYSE:TPC) Upgraded by ValuEngine to “Sell”

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ValuEngine upgraded shares of Tutor Perini (NYSE:TPC) from a strong sell rating to a sell rating in a research report report published on Wednesday, ValuEngine reports.

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.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.25). Tutor Perini had a negative net margin of 5.70% and a positive return on equity of 4.66%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that Tutor Perini will post 1.61 EPS for the current year.

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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Analyst Recommendations for Tutor Perini (NYSE:TPC)

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