Tutor Perini (NYSE:TPC) Stock Rating Upgraded by UBS Group

Tutor Perini (NYSE:TPC) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a $27.00 price objective on the construction company’s stock, up from their previous price objective of $14.00. UBS Group’s target price indicates a potential upside of 30.31% from the company’s previous close.

Separately, StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Tutor Perini Stock Performance

Shares of TPC stock opened at $20.72 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $18.14 and a 200 day moving average price of $12.89. The company has a market cap of $1.08 billion, a P/E ratio of -10.16 and a beta of 1.51. Tutor Perini has a 12 month low of $6.31 and a 12 month high of $23.19.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, April 25th. The construction company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.48. Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 8.03%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $919.60 million. Sell-side analysts predict that Tutor Perini will post 1.1 earnings per share for the current fiscal year.

Insider Activity at Tutor Perini

In other news, President Gary G. Smalley sold 15,940 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now directly owns 68,346 shares of the company’s stock, valued at $907,634.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, President Gary G. Smalley sold 15,940 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the sale, the president now directly owns 68,346 shares of the company’s stock, valued at $907,634.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Gary G. Smalley sold 27,958 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the sale, the president now directly owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The disclosure for this sale can be found here. Insiders sold a total of 262,626 shares of company stock valued at $4,956,441 over the last ninety days. Insiders own 19.50% of the company’s stock.

Institutional Investors Weigh In On Tutor Perini

A number of institutional investors and hedge funds have recently made changes to their positions in TPC. Highlander Capital Management LLC raised its holdings in Tutor Perini by 85.7% during the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after purchasing an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Tutor Perini by 606.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock worth $68,000 after purchasing an additional 6,383 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Tutor Perini during the first quarter worth about $77,000. Corton Capital Inc. raised its holdings in Tutor Perini by 56.5% during the third quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock worth $149,000 after purchasing an additional 6,887 shares in the last quarter. Finally, John G Ullman & Associates Inc. purchased a new position in Tutor Perini during the fourth quarter worth about $150,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

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.