Tutor Perini Co. (NYSE:TPC – Get Rating)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.39 and traded as high as $8.93. Tutor Perini shares last traded at $8.68, with a volume of 254,066 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. B. Riley raised their price objective on shares of Tutor Perini from $9.00 to $10.00 in a research report on Thursday, November 3rd. StockNews.com initiated coverage on Tutor Perini in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Tutor Perini Stock Down 2.0 %
The company has a market capitalization of $446.89 million, a price-to-earnings ratio of -5.08 and a beta of 1.40. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. The firm’s 50 day simple moving average is $7.74 and its 200-day simple moving average is $7.39.
Institutional Trading of Tutor Perini
Several hedge funds have recently modified their holdings of TPC. Swiss National Bank lifted its holdings in Tutor Perini by 7.6% in the first quarter. Swiss National Bank now owns 108,700 shares of the construction company’s stock valued at $1,174,000 after acquiring an additional 7,700 shares during the period. Raymond James & Associates purchased a new stake in Tutor Perini during the first quarter worth about $142,000. American Century Companies Inc. grew its position in Tutor Perini by 33.8% during the first quarter. American Century Companies Inc. now owns 129,556 shares of the construction company’s stock worth $1,399,000 after buying an additional 32,707 shares during the period. MetLife Investment Management LLC increased its holdings in Tutor Perini by 55.4% in the first quarter. MetLife Investment Management LLC now owns 22,604 shares of the construction company’s stock valued at $244,000 after buying an additional 8,060 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Tutor Perini by 7.8% during the 1st quarter. BlackRock Inc. now owns 4,333,989 shares of the construction company’s stock valued at $46,806,000 after acquiring an additional 312,568 shares during the period. 65.86% of the stock is owned by institutional investors and hedge funds.
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. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities.
- Get a free copy of the StockNews.com research report on Tutor Perini (TPC)
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
- What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock?
- Analysts Like The Fit Of Skechers USA
- Can We Trust The Rally In The S&P 500
Receive News & Ratings for Tutor Perini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini and related companies with MarketBeat.com's FREE daily email newsletter.