The stock of Tutor Perini Corp (NYSE:TPC) has "Outperform" rating given on Thursday, June 30 by FBR Capital. Pinnacle Associates Ltd. acquired a new position in Tutor Perini Corporation during the first quarter worth approximately $205,000. ClariVest Asset Management LLC increased its position in shares of Tutor Perini Corporation by 23.8% in the first quarter. Alliancebernstein L.P. now owns 3,762,550 shares of the construction company's stock valued at $119,649,000 after buying an additional 101,501 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Tutor Perini Corporation during the first quarter worth approximately $218,000. Legal & General Group Plc now owns 41,115 shares with a value of $1,181,000. Teachers Advisors LLC increased its stake in Tutor Perini Corporation by 3.5% in the fourth quarter. LLC now owns 1,813,512 shares of the construction company's stock valued at $57,670,000 after buying an additional 52,326 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Tutor Perini Corporation by 8.1% in the first quarter. Frontier Capital Management Co LLC now controls 1,952,211 shares worth $56,126,000. Over the past few months, insider ownership has seen a move of -1.51% while institutional ownership has changed 1.41%.
Tutor Perini (TPC) announced results after the market closed. The firm's 50-day moving average is $27.81 and its 200 day moving average is $28.98. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.01 and a beta of 2.42. With 292,800 avg volume, 11 days are for Tutor Perini Corporation (NYSE:TPC)'s short sellers to cover TPC's short positions. The company provided earnings per share guidance of $2.10 - $2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.29.
Towle & Co holds 3.83% of its portfolio in Tutor Perini Corp for 1.02 million shares. Next quarter's EPS is forecasted to be $0.77 with next year's EPS projected to be $2.86. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, equities analysts expect that Tutor Perini Corporation will post $2.29 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. The institutional investor held 27,323 shares of the finance company at the end of 2016Q4, valued at $519,000, up from 7,876 at the end of the previous reported quarter. Finally, Zacks Investment Research raised shares of Tutor Perini Corporation from a hold rating to a buy rating and set a $32.00 price objective for the company in a research note on Wednesday, July 5th. About shares traded. Tutor Perini Corp (NYSE:TPC) has risen 25.83% since August 8, 2016 and is uptrending. Finally, Canaccord Genuity reiterated a "buy" rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company now has a consensus rating of Buy and a consensus target price of $31.29.
Tutor Perini Corporation is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies across the world. The Firm operates through three divisions: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the fix, replacement and reconstruction of infrastructure across various geographic regions of the United States.