Equities research analysts at B. Riley assumed coverage on shares of Tutor Perini (NYSE:TPC) in a research report issued on Friday, Stock Target Advisor reports. The brokerage set a “buy” rating and a $23.00 price target on the construction company’s stock. B. Riley’s price objective indicates a potential upside of 52.72% from the company’s current price.
A number of other equities research analysts have also recently commented on TPC. TheStreet cut Tutor Perini from a “c” rating to a “d” rating in a research note on Thursday, August 29th. Zacks Investment Research lowered Tutor Perini from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 14th. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of Tutor Perini in a report on Monday, August 12th. Finally, ValuEngine upgraded Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Tutor Perini presently has an average rating of “Hold” and an average target price of $21.67.
TPC stock opened at $15.06 on Friday. The stock has a market capitalization of $757.20 million, a PE ratio of 7.88 and a beta of 1.98. The company’s 50-day moving average is $16.48 and its 200-day moving average is $13.90. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.88 and a quick ratio of 1.88. Tutor Perini has a 1 year low of $9.24 and a 1 year high of $20.52.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Engine Capital Management LP bought a new position in Tutor Perini in the 3rd quarter valued at about $3,163,000. Public Employees Retirement System of Ohio boosted its stake in Tutor Perini by 19.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 10,741 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,750 shares during the last quarter. Circle Wealth Management LLC increased its holdings in Tutor Perini by 12.6% during the 3rd quarter. Circle Wealth Management LLC now owns 15,760 shares of the construction company’s stock worth $226,000 after purchasing an additional 1,760 shares in the last quarter. California State Teachers Retirement System increased its holdings in Tutor Perini by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 62,160 shares of the construction company’s stock worth $891,000 after purchasing an additional 742 shares in the last quarter. Finally, Covington Capital Management increased its holdings in Tutor Perini by 20.0% during the 3rd quarter. Covington Capital Management now owns 12,525 shares of the construction company’s stock worth $179,000 after purchasing an additional 2,090 shares in the last quarter.
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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