Tutor Perini (NYSE:TPC) Stock Rating Upgraded by StockNews.com

Tutor Perini (NYSE:TPC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Tutor Perini Stock Up 28.0 %

Shares of TPC opened at $17.78 on Friday. The stock has a market capitalization of $929.54 million, a price-to-earnings ratio of -8.72 and a beta of 1.62. Tutor Perini has a 1 year low of $4.90 and a 1 year high of $17.95. The business’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.98). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $951.50 million. Tutor Perini had a negative return on equity of 7.99% and a negative net margin of 2.56%. As a group, equities analysts expect that Tutor Perini will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Tutor Perini

In related news, President Gary G. Smalley sold 27,958 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the sale, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Gary G. Smalley sold 27,958 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.86, for a total transaction of $359,539.88. Following the sale, the president now owns 112,245 shares in the company, valued at approximately $1,443,470.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary G. Smalley sold 15,940 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the sale, the president now owns 68,346 shares in the company, valued at approximately $907,634.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,201 shares of company stock worth $822,980. Company insiders own 19.50% of the company’s stock.

Institutional Trading of Tutor Perini

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Tutor Perini in the 4th quarter valued at $6,467,000. Donald Smith & CO. Inc. grew its position in Tutor Perini by 20.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock valued at $35,489,000 after acquiring an additional 659,657 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock valued at $13,291,000 after acquiring an additional 146,033 shares during the last quarter. Brandywine Global Investment Management LLC grew its position in Tutor Perini by 690.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 157,778 shares of the construction company’s stock valued at $1,235,000 after acquiring an additional 137,808 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Tutor Perini by 262.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 184,461 shares of the construction company’s stock valued at $2,667,000 after acquiring an additional 133,534 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

About Tutor Perini

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.