Tutor Perini (NYSE:TPC) Price Target Increased to $39.00 by Analysts at UBS Group

Tutor Perini (NYSE:TPC) had its price objective increased by UBS Group from $27.00 to $39.00 in a research report sent to investors on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Tutor Perini Stock Performance

Tutor Perini stock opened at $28.25 on Wednesday. The stock’s 50 day moving average is $24.64 and its 200 day moving average is $21.63. Tutor Perini has a twelve month low of $6.86 and a twelve month high of $30.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65.

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

Institutional Investors Weigh In On Tutor Perini

Institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in Tutor Perini in the 4th quarter valued at approximately $243,000. BNP Paribas Financial Markets boosted its position in shares of Tutor Perini by 56.6% during the first quarter. BNP Paribas Financial Markets now owns 47,614 shares of the construction company’s stock valued at $688,000 after buying an additional 17,204 shares during the last quarter. Lesa Sroufe & Co increased its holdings in Tutor Perini by 3.7% in the 1st quarter. Lesa Sroufe & Co now owns 204,919 shares of the construction company’s stock worth $2,963,000 after buying an additional 7,273 shares in the last quarter. Quantbot Technologies LP raised its position in Tutor Perini by 174.1% in the 1st quarter. Quantbot Technologies LP now owns 25,284 shares of the construction company’s stock worth $366,000 after buying an additional 16,061 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Tutor Perini by 17.3% during the 1st quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock valued at $3,166,000 after acquiring an additional 32,325 shares during the period. 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.