Tutor Perini (NYSE:TPC) Upgraded at B. Riley

Tutor Perini (NYSE:TPC - Get Free Report) was upgraded by research analysts at B. Riley to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports. B. Riley also issued estimates for Tutor Perini's Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $2.79 EPS.

Several other research firms have also issued reports on TPC. Vertical Research began coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price target on the stock. StockNews.com cut shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Stock Up 3.4 %

Tutor Perini stock traded up $0.85 during mid-day trading on Tuesday, reaching $25.38. The company's stock had a trading volume of 378,320 shares, compared to its average volume of 491,535. The business's 50 day simple moving average is $24.32 and its 200 day simple moving average is $25.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini has a 12 month low of $13.15 and a 12 month high of $34.55. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -10.11 and a beta of 1.73.

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Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate of $0.29 by ($1.80). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period last year, the company posted ($0.91) earnings per share.

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fred Alger Management LLC bought a new position in shares of Tutor Perini in the third quarter valued at about $16,034,000. Boston Partners raised its holdings in Tutor Perini by 1,801.4% in the 4th quarter. Boston Partners now owns 605,450 shares of the construction company's stock valued at $14,666,000 after acquiring an additional 573,608 shares during the period. JPMorgan Chase & Co. lifted its position in Tutor Perini by 611.0% during the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock worth $14,568,000 after acquiring an additional 460,945 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Tutor Perini by 129.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company's stock worth $21,277,000 after acquiring an additional 441,858 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Tutor Perini by 74.6% in the fourth quarter. First Trust Advisors LP now owns 938,478 shares of the construction company's stock valued at $22,711,000 after purchasing an additional 401,117 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

About Tutor Perini

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.