Tutor Perini (NYSE:TPC) PT Raised to $39.00

Tutor Perini (NYSE:TPC) had its price target upped by UBS Group from $27.00 to $39.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Tutor Perini Stock Down 1.6 %

NYSE TPC opened at $25.97 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. Tutor Perini has a 52 week low of $6.86 and a 52 week high of $30.99. The business’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $21.83. The firm has a market cap of $1.36 billion, a PE ratio of -12.73 and a beta of 1.50.

Tutor Perini (NYSE:TPC) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.15). Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.72) earnings per share. As a group, equities analysts anticipate that Tutor Perini will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Tutor Perini

Hedge funds have recently made changes to their positions in the stock. Hennessy Advisors Inc. purchased a new stake in Tutor Perini in the second quarter valued at approximately $12,362,000. American Century Companies Inc. boosted its stake in shares of Tutor Perini by 59.9% in the second quarter. American Century Companies Inc. now owns 759,665 shares of the construction company’s stock valued at $16,546,000 after purchasing an additional 284,627 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Tutor Perini by 84.4% in the second quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company’s stock valued at $11,742,000 after purchasing an additional 246,901 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tutor Perini by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company’s stock worth $52,263,000 after buying an additional 198,348 shares during the period. Finally, Algert Global LLC acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $4,138,000. Hedge funds and other 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.