The stock of Tutor Perini Corp (NYSE:TPC) is a huge mover today! About 557,539 shares traded hands or 36.86% up from the average. Tutor Perini Corp (NYSE:TPC) has risen 45.76% since March 2, 2016 and is uptrending. It has outperformed by 37.50% the S&P500.
The move comes after 6 months positive chart setup for the $1.08 billion company. It was reported on Oct, 5 by Barchart.com. We have $34.84 PT which if reached, will make NYSE:TPC worth $594.00 million more.
Analysts await Tutor Perini Corp (NYSE:TPC) to report earnings on November, 11. They expect $0.71 earnings per share, up 4.41% or $0.03 from last year’s $0.68 per share. TPC’s profit will be $34.11M for 7.92 P/E if the $0.71 EPS becomes a reality. After $0.43 actual earnings per share reported by Tutor Perini Corp for the previous quarter, Wall Street now forecasts 65.12% EPS growth.
Tutor Perini Corp (NYSE:TPC) Ratings Coverage
Out of 6 analysts covering Tutor Perini Corp (NYSE:TPC), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Tutor Perini Corp has been the topic of 10 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The rating was upgraded by Standpoint Research on Monday, October 3 to “Buy”. Standpoint Research downgraded the shares of TPC in a report on Tuesday, May 24 to “Hold” rating. The rating was initiated by Standpoint Research with “Buy” on Monday, April 11. The rating was maintained by FBR Capital on Thursday, June 30 with “Outperform”. The firm has “Buy” rating given on Monday, January 25 by Sidoti. The firm earned “Hold” rating on Wednesday, December 9 by Stifel Nicolaus. M Partners upgraded Tutor Perini Corp (NYSE:TPC) on Wednesday, August 24 to “Buy” rating. The stock of Tutor Perini Corp (NYSE:TPC) has “Neutral” rating given on Wednesday, June 29 by M Partners.
According to Zacks Investment Research, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations.”
Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.03, from 1.49 in 2016Q1. The ratio is positive, as 17 funds sold all Tutor Perini Corp shares owned while 39 reduced positions. 34 funds bought stakes while 51 increased positions. They now own 39.94 million shares or 10.95% more from 36.00 million shares in 2016Q1.
Blackrock Institutional Na owns 946,432 shares or 0% of their US portfolio. Bancorp Of America Corporation De owns 247,455 shares or 0% of their US portfolio. Moreover, Carroll Associates has 0% invested in Tutor Perini Corp (NYSE:TPC) for 5 shares. Hotchkis & Wiley Cap Mngmt reported 2.68 million shares or 0.27% of all its holdings. Gsa Cap Partners Llp last reported 60,689 shares in the company. Moreover, Southport Ltd has 1.42% invested in Tutor Perini Corp (NYSE:TPC) for 30,000 shares. Citadel Limited Liability Corp holds 0% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 62,855 shares. Federated Pa, a Pennsylvania-based fund reported 67 shares. Art Advsr Ltd Liability Corp has 0.03% invested in the company for 26,628 shares. Castleark Ltd Limited Liability Company accumulated 0.2% or 261,240 shares. Employees Retirement Sys Of Texas has invested 0.02% of its portfolio in Tutor Perini Corp (NYSE:TPC). Meeder Asset Mgmt Incorporated, a Ohio-based fund reported 12,302 shares. Morgan Stanley has 52,254 shares for 0% of their US portfolio. Sg Cap Management reported 303,450 shares or 1.76% of all its holdings. The California-based California Employees Retirement Sys has invested 0.01% in Tutor Perini Corp (NYSE:TPC).
More recent Tutor Perini Corp (NYSE:TPC) news were published by: Seekingalpha.com which released: “Tutor Perini Corp. (TPC) CEO Ronald Tutor on Q1 2016 Results – Earnings Call …” on May 05, 2016. Also Businesswire.com published the news titled: “Rudolph & Sletten Awarded Design-Build Contract for New Precision Cancer …” on September 26, 2016. Businesswire.com‘s news article titled: “Tutor Perini Building Corp. Receives Notice to Proceed for The Dalmar and …” with publication date: September 01, 2016 was also an interesting one.
TPC Company Profile
Tutor Perini Corporation, formerly Perini Corporation, incorporated on January 5, 1918, 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. The Firm offers general contracting, pre-construction planning and project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. It also offers self-performed construction services, including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing, and heating, ventilation and air conditioning (HVAC).
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