The stock of Tutor Perini Corp (NYSE:TPC) is a huge mover today! About 2.05 million shares traded hands or 110.33% up from the average. Tutor Perini Corp (NYSE:TPC) has risen 85.93% since April 14, 2016 and is uptrending. It has outperformed by 81.24% the S&P500.
The move comes after 7 months negative chart setup for the $1.27 billion company. It was reported on Nov, 16 by Barchart.com. We have $24.06 PT which if reached, will make NYSE:TPC worth $101.60M less.
Tutor Perini Corp (NYSE:TPC) Ratings Coverage
Out of 7 analysts covering Tutor Perini Corp (NYSE:TPC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Tutor Perini Corp has been the topic of 13 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Outperform” on Thursday, June 30. The stock of Tutor Perini Corp (NYSE:TPC) earned “Hold” rating by Standpoint Research on Tuesday, May 24. The rating was initiated by M Partners on Wednesday, June 29 with “Neutral”. The stock of Tutor Perini Corp (NYSE:TPC) has “Buy” rating given on Monday, October 24 by Seaport Global. Standpoint Research initiated the shares of TPC in a report on Monday, April 11 with “Buy” rating. The stock has “Hold” rating given by Standpoint Research on Tuesday, November 15. The firm has “Buy” rating given on Monday, October 3 by Standpoint Research. The stock has “Buy” rating given by Sidoti on Monday, January 25. The firm has “Hold” rating given on Wednesday, December 9 by Stifel Nicolaus. M Partners upgraded Tutor Perini Corp (NYSE:TPC) on Wednesday, August 24 to “Buy” rating.
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.
Goldman Sachs Gru Inc has 0% invested in the company for 135,742 shares. Pear Tree Inc owns 86,471 shares or 0.86% of their US portfolio. Bridgeway Capital Management Inc holds 104,400 shares or 0.04% of its portfolio. The Pennsylvania-based Nationwide Fund has invested 0.01% in Tutor Perini Corp (NYSE:TPC). Oppenheimer Co Inc holds 0.02% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 27,600 shares. Irving Magee Mgmt accumulated 186,073 shares or 2.14% of the stock. The Massachusetts-based Rhumbline Advisers has invested 0% in Tutor Perini Corp (NYSE:TPC). The New York-based Cooper Creek Prtnrs Mgmt Ltd Liability Com has invested 5.84% in Tutor Perini Corp (NYSE:TPC). The Massachusetts-based State Street Corp has invested 0% in Tutor Perini Corp (NYSE:TPC). Ironwood Invest Mgmt Lc holds 0.82% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 46,605 shares. Chicago Equity Partners Limited Liability Corp reported 101,570 shares or 0.07% of all its holdings. Pnc Finance Svcs, a Pennsylvania-based fund reported 252 shares. Metropolitan Life Ins New York has invested 0% of its portfolio in Tutor Perini Corp (NYSE:TPC). The Texas-based Utd Automobile Association has invested 0.02% in Tutor Perini Corp (NYSE:TPC). Zacks Inv last reported 30,394 shares in the company.
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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