According to Zacks, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. “
A number of other research analysts have also issued reports on the company. ValuEngine lowered Tutor Perini from a sell rating to a strong sell rating in a report on Thursday, May 9th. TheStreet raised Tutor Perini from a c+ rating to a b- rating in a report on Wednesday, March 20th. MKM Partners set a $27.00 target price on Tutor Perini and gave the company a buy rating in a report on Thursday, February 28th. UBS Group lowered Tutor Perini from a buy rating to a neutral rating and dropped their target price for the company from $24.00 to $19.00 in a report on Friday, February 1st. Finally, KeyCorp set a $24.00 target price on Tutor Perini and gave the company a buy rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $22.17.
Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, May 8th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $958.49 million for the quarter, compared to analyst estimates of $1.01 billion. Tutor Perini had a return on equity of 5.42% and a net margin of 2.17%. Equities analysts predict that Tutor Perini will post 2.11 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. SG Capital Management LLC purchased a new stake in shares of Tutor Perini in the first quarter valued at approximately $9,297,000. First Mercantile Trust Co. boosted its stake in shares of Tutor Perini by 13.0% in the fourth quarter. First Mercantile Trust Co. now owns 63,209 shares of the construction company’s stock valued at $1,010,000 after buying an additional 7,275 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Tutor Perini in the fourth quarter valued at approximately $232,000. Suntrust Banks Inc. purchased a new stake in shares of Tutor Perini in the fourth quarter valued at approximately $256,000. Finally, Vanguard Group Inc boosted its stake in shares of Tutor Perini by 1.9% in the third quarter. Vanguard Group Inc now owns 3,536,522 shares of the construction company’s stock valued at $66,488,000 after buying an additional 65,931 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
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 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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