Tutor Perini (NYSE:TPC) Receives New Coverage from Analysts at B. Riley

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.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.25). Tutor Perini had a negative net margin of 5.66% and a positive return on equity of 4.70%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Tutor Perini will post 1.5 earnings per share for the current fiscal year.

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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Analyst Recommendations for Tutor Perini (NYSE:TPC)

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