UBS Group Issues Positive Forecast for Tutor Perini (NYSE:TPC) Stock Price

Tutor Perini (NYSE:TPC) had its price objective lifted by UBS Group from $67.00 to $86.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also commented on the company. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a report on Monday, August 11th. B. Riley reaffirmed a “buy” rating on shares of Tutor Perini in a research report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, October 8th. Finally, Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tutor Perini has a consensus rating of “Hold” and an average target price of $66.33.

Tutor Perini Stock Down 0.7%

Shares of NYSE:TPC opened at $67.43 on Thursday. Tutor Perini has a fifty-two week low of $18.33 and a fifty-two week high of $77.00. The firm’s 50 day moving average price is $64.26 and its 200 day moving average price is $49.79. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -26.76 and a beta of 1.94.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted ($1.92) EPS. The firm’s revenue was up 30.7% on a year-over-year basis. Tutor Perini has set its FY 2025 guidance at 4.000-4.200 EPS.

Insider Transactions at Tutor Perini

In other news, Director Sidney J. Feltenstein sold 124,668 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $65.96, for a total value of $8,223,101.28. Following the completion of the sale, the director directly owned 187,274 shares of the company’s stock, valued at approximately $12,352,593.04. This represents a 39.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Ronald N. Tutor sold 83,144 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.94, for a total transaction of $5,399,371.36. Following the transaction, the chairman owned 4,062,985 shares in the company, valued at approximately $263,850,245.90. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 725,000 shares of company stock valued at $44,824,931. Insiders own 17.30% of the company’s stock.

Institutional Trading of Tutor Perini

A number of large investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its position in Tutor Perini by 16.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,031,220 shares of the construction company’s stock worth $93,444,000 after purchasing an additional 580,963 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Tutor Perini by 4.8% during the first quarter. Vanguard Group Inc. now owns 2,829,370 shares of the construction company’s stock worth $65,585,000 after buying an additional 130,747 shares during the period. First Trust Advisors LP grew its holdings in shares of Tutor Perini by 4,166.1% during the second quarter. First Trust Advisors LP now owns 1,153,214 shares of the construction company’s stock worth $53,947,000 after buying an additional 1,126,182 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tutor Perini by 2.2% during the second quarter. Geode Capital Management LLC now owns 1,049,338 shares of the construction company’s stock worth $49,094,000 after buying an additional 22,210 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Tutor Perini by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 989,612 shares of the construction company’s stock valued at $46,294,000 after acquiring an additional 194,729 shares during the period. Institutional investors and hedge funds 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.