Tutor Perini (NYSE:TPC) Upgraded at StockNews.com

StockNews.com upgraded shares of Tutor Perini (NYSE:TPC) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Tutor Perini Stock Up 28.0 %

Shares of NYSE TPC opened at $17.78 on Friday. The company’s 50-day simple moving average is $12.91 and its 200-day simple moving average is $9.94. Tutor Perini has a 52-week low of $4.90 and a 52-week high of $17.95. The firm has a market cap of $929.54 million, a price-to-earnings ratio of -8.72 and a beta of 1.62. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.98). The business had revenue of $1.02 billion during 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%. Equities analysts predict that Tutor Perini will post 0.92 EPS for the current fiscal year.

Insider Transactions at Tutor Perini

In other news, President Gary G. Smalley sold 15,940 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the transaction, the president now directly owns 68,346 shares of the company’s stock, valued at $907,634.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the transaction, the president now directly owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of Tutor Perini stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total transaction of $211,683.20. Following the transaction, the president now directly owns 68,346 shares in the company, valued at $907,634.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,201 shares of company stock valued at $822,980. Corporate insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

A number of institutional investors have recently bought and sold shares of TPC. Highlander Capital Management LLC raised its stake in shares of Tutor Perini by 85.7% in the 4th quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock valued at $59,000 after acquiring an additional 3,000 shares during the period. SG Americas Securities LLC raised its stake in shares of Tutor Perini by 15.2% in the 4th quarter. SG Americas Securities LLC now owns 26,845 shares of the construction company’s stock valued at $244,000 after acquiring an additional 3,536 shares during the period. Boston Partners raised its stake in shares of Tutor Perini by 6.2% in the 3rd quarter. Boston Partners now owns 78,144 shares of the construction company’s stock valued at $612,000 after acquiring an additional 4,562 shares during the period. Westside Investment Management Inc. raised its stake in shares of Tutor Perini by 1.3% in the 4th quarter. Westside Investment Management Inc. now owns 425,090 shares of the construction company’s stock valued at $3,868,000 after acquiring an additional 5,625 shares during the period. Finally, Sculati Wealth Management LLC raised its stake in shares of Tutor Perini by 3.0% in the 4th quarter. Sculati Wealth Management LLC now owns 205,901 shares of the construction company’s stock valued at $1,874,000 after acquiring an additional 5,948 shares during the period. 65.01% of the stock is owned by hedge funds and other 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 in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.