Tutor Perini (NYSE:TPC) Sets New 12-Month High - Still a Buy?

Tutor Perini Corporation (NYSE:TPC - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $44.28 and last traded at $44.04, with a volume of 119875 shares trading hands. The stock had previously closed at $43.30.

Analyst Upgrades and Downgrades

TPC has been the subject of several analyst reports. Wall Street Zen raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. B. Riley reaffirmed a "buy" rating and set a $50.00 target price (up previously from $40.00) on shares of Tutor Perini in a research note on Friday, June 6th. Finally, UBS Group increased their price target on Tutor Perini from $40.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.

Tutor Perini Stock Up 3.0%

The business has a fifty day moving average price of $32.52 and a two-hundred day moving average price of $27.06. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -15.48 and a beta of 1.74.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.47. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 11.64% and a negative net margin of 3.35%. The business's revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, Chairman Ronald N. Tutor sold 100,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $38.62, for a total transaction of $3,862,000.00. Following the transaction, the chairman now owns 4,730,985 shares of the company's stock, valued at approximately $182,710,640.70. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond R. Oneglia sold 75,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $36.23, for a total value of $2,717,250.00. Following the transaction, the director now directly owns 115,470 shares in the company, valued at $4,183,478.10. This trade represents a 39.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 410,000 shares of company stock valued at $15,891,651 in the last ninety days. Company insiders own 17.30% of the company's stock.

Institutional Investors Weigh In On Tutor Perini

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Tutor Perini by 7.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after buying an additional 700 shares during the period. Boston Partners increased its holdings in shares of Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after acquiring an additional 573,608 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Tutor Perini by 79.3% in the fourth quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company's stock worth $894,000 after acquiring an additional 16,341 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Tutor Perini during the 4th quarter valued at about $232,000. Finally, LPL Financial LLC lifted its holdings in shares of Tutor Perini by 139.3% during the 4th quarter. LPL Financial LLC now owns 44,984 shares of the construction company's stock valued at $1,089,000 after purchasing an additional 26,186 shares in the last quarter. Institutional investors own 65.01% 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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.

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