Today’s Price Action: Tutor Perini Corp’s Stock Is Buy After Today’s Huge Increase

Today's Price Action: Tutor Perini Corp's Stock Is Buy After Today's Huge Increase

The stock of Tutor Perini Corp (NYSE:TPC) is a huge mover today! About 152,255 shares traded hands. Tutor Perini Corp (NYSE:TPC) has risen 27.89% since April 5, 2016 and is uptrending. It has outperformed by 25.93% the S&P500.
The move comes after 9 months positive chart setup for the $1.08B company. It was reported on Nov, 7 by Barchart.com. We have $29.13 PT which if reached, will make NYSE:TPC worth $496.80M 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 $38.44M for 7.02 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 7 analysts covering Tutor Perini Corp (NYSE:TPC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Tutor Perini Corp has been the topic of 12 analyst reports since August 8, 2015 according to StockzIntelligence Inc. On Monday, October 3 the stock rating was upgraded by Standpoint Research to “Buy”. The firm has “Buy” rating given on Wednesday, August 24 by M Partners. Stifel Nicolaus initiated the shares of TPC in a report on Wednesday, December 9 with “Hold” rating. The stock has “Hold” rating given by Standpoint Research on Tuesday, May 24. M Partners initiated Tutor Perini Corp (NYSE:TPC) on Wednesday, June 29 with “Neutral” rating. On Monday, January 25 the stock rating was upgraded by Sidoti to “Buy”. The firm has “Neutral” rating given on Thursday, November 3 by Sidoti. The firm has “Buy” rating given on Monday, April 11 by Standpoint Research. The rating was upgraded by Seaport Global on Monday, October 24 to “Buy”. FBR Capital maintained the stock with “Outperform” rating in Thursday, June 30 report.

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 improved, 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.
Amer Group Inc holds 21,743 shares or 0% of its portfolio. Bnp Paribas Arbitrage has 0% invested in the company for 2,806 shares. Ladenburg Thalmann Financial Services, a Florida-based fund reported 2,580 shares. State Bank Of Montreal Can last reported 0% of its portfolio in the stock. Voya Invest Lc last reported 16,140 shares in the company. The New York-based Blackrock Inc has invested 0% in Tutor Perini Corp (NYSE:TPC). Polaris Capital Mgmt Ltd Liability Company last reported 86,471 shares in the company. Signia Cap Mgmt Ltd Liability Corp reported 38,294 shares or 2.86% of all its holdings. Moreover, Springbok Management Ltd Liability Company has 0.01% invested in Tutor Perini Corp (NYSE:TPC) for 4,129 shares. Royal Savings Bank Of Canada has invested 0% of its portfolio in Tutor Perini Corp (NYSE:TPC). Diam Com Ltd, a Japan-based fund reported 57,312 shares. Nordea Invest Management Ab last reported 0.01% of its portfolio in the stock. Moreover, Walthausen And Ltd Llc has 1.44% invested in Tutor Perini Corp (NYSE:TPC) for 589,870 shares. Manufacturers Life Co The holds 26,022 shares or 0% of its portfolio. Moreover, Falcon Point Capital Lc has 0.23% invested in Tutor Perini Corp (NYSE:TPC) for 56,281 shares.

More news for Tutor Perini Corp (NYSE:TPC) were recently published by: Valuewalk.com, which released: “Muddy Waters On Tutor Perini Corp – Big Projects, Bigger Ego, No Cash Flow …” on October 06, 2016. Seekingalpha.com‘s article titled: “Tutor Perini Corp. (TPC) CEO Ronald Tutor on Q1 2016 Results – Earnings Call …” and published on May 05, 2016 is yet another important article.

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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