The stock of Tutor Perini Corp (NYSE:TPC) is a huge mover today! About 1.27M shares traded hands or 192.15% up from the average. Tutor Perini Corp (NYSE:TPC) has risen 44.63% since March 3, 2016 and is uptrending. It has outperformed by 36.28% the S&P500.
The move comes after 5 months negative chart setup for the $1.06B company. It was reported on Oct, 6 by Barchart.com. We have $19.32 PT which if reached, will make NYSE:TPC worth $74.20 million less.
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 $36.23M for 7.31 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 initiated by Stifel Nicolaus with “Hold” on Wednesday, December 9. The rating was maintained by FBR Capital on Thursday, June 30 with “Outperform”. The rating was upgraded by M Partners to “Buy” on Wednesday, August 24. The rating was initiated by Standpoint Research on Monday, April 11 with “Buy”. The firm earned “Hold” rating on Tuesday, May 24 by Standpoint Research. On Monday, October 3 the stock rating was upgraded by Standpoint Research to “Buy”. Sidoti upgraded the stock to “Buy” rating in Monday, January 25 report. The firm has “Neutral” rating by M Partners given on Wednesday, June 29.
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 increased, 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.
Foundry Prtn Limited Co reported 492,058 shares or 0.66% of all its holdings. Castleark Ltd Com holds 261,240 shares or 0.2% of its portfolio. Gsa Capital Prtn Ltd Liability Partnership accumulated 0.08% or 60,689 shares. Susquehanna Intll Gp Llp holds 11,100 shares or 0% of its portfolio. Royal Natl Bank Of Canada holds 0% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 19,662 shares. Voya Inv Ltd holds 0% or 16,140 shares in its portfolio. The New York-based Blackrock has invested 0% in Tutor Perini Corp (NYSE:TPC). Panagora Asset Management, a Massachusetts-based fund reported 9,114 shares. Pnc Finance Services Gru accumulated 252 shares or 0% of the stock. Signia Capital Mngmt Llc accumulated 2.86% or 38,294 shares. Bnp Paribas Arbitrage Sa reported 2,806 shares or 0% of all its holdings. Nuveen Asset Management Limited Liability Company last reported 321,274 shares in the company. Irving Magee Investment Management has invested 2.14% of its portfolio in Tutor Perini Corp (NYSE:TPC). Manufacturers Life Insur The reported 26,022 shares or 0% of all its holdings. Tiaa Cref Invest Mngmt Limited Liability reported 208,636 shares or 0% of all its holdings.
More recent Tutor Perini Corp (NYSE:TPC) news were published by: Valuewalk.com which released: “Muddy Waters On Tutor Perini Corp – Big Projects, Bigger Ego, No Cash Flow …” on October 06, 2016. Also Bloomberg.com published the news titled: “Muddy Waters’ Block Says He’s Short Builder Tutor Perini” on October 06, 2016. Seekingalpha.com‘s news article titled: “Tutor Perini Corp. (TPC) CEO Ronald Tutor on Q1 2016 Results – Earnings Call …” with publication date: May 05, 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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