A number of other research firms have also recently issued reports on TPC. DA Davidson cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $20.00 in a report on Tuesday, January 22nd. UBS Group cut shares of Tutor Perini from a “buy” rating to a “neutral” rating and reduced their target price for the company from $24.00 to $19.00 in a research note on Friday, February 1st. KeyCorp set a $24.00 price target on shares of Tutor Perini and gave the stock a “buy” rating in a research note on Tuesday, January 29th. MKM Partners set a $27.00 price target on shares of Tutor Perini and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, TheStreet upgraded shares of Tutor Perini from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Tutor Perini presently has an average rating of “Hold” and an average price target of $22.17.
NYSE:TPC traded down $0.13 during trading hours on Friday, hitting $19.74. 281,095 shares of the stock traded hands, compared to its average volume of 297,720. Tutor Perini has a fifty-two week low of $14.66 and a fifty-two week high of $22.20. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $990.55 million, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86.
Hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of Tutor Perini during the fourth quarter worth $32,000. Covington Capital Management increased its stake in Tutor Perini by 90.2% in the 4th quarter. Covington Capital Management now owns 8,435 shares of the construction company’s stock valued at $135,000 after buying an additional 4,000 shares during the last quarter. New Jersey Better Educational Savings Trust acquired a new stake in Tutor Perini in the 4th quarter valued at $160,000. Metropolitan Life Insurance Co. NY increased its stake in Tutor Perini by 363.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,264 shares of the construction company’s stock valued at $196,000 after buying an additional 9,618 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in Tutor Perini in the 4th quarter valued at $201,000. 90.80% of the stock is currently owned by institutional investors.
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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