Stock Mover of The Day: Is Tutor Perini Corp a Buy? The Stock Rises Again

Stock Mover of The Day: Is Tutor Perini Corp a Buy? The Stock Rises Again

The stock of Tutor Perini Corp (NYSE:TPC) is a huge mover today! About 3.13 million shares traded hands or 264.95% up from the average. Tutor Perini Corp (NYSE:TPC) has risen 86.94% since April 13, 2016 and is uptrending. It has outperformed by 83.01% the S&P500.
The move comes after 5 months positive chart setup for the $1.64 billion company. It was reported on Nov, 15 by Barchart.com. We have $46.94 PT which if reached, will make NYSE:TPC worth $934.80 million more.

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. The stock of Tutor Perini Corp (NYSE:TPC) earned “Buy” rating by Standpoint Research on Monday, October 3. Stifel Nicolaus initiated the stock with “Hold” rating in Wednesday, December 9 report. As per Monday, April 11, the company rating was initiated by Standpoint Research. The stock of Tutor Perini Corp (NYSE:TPC) has “Hold” rating given on Tuesday, May 24 by Standpoint Research. The stock of Tutor Perini Corp (NYSE:TPC) has “Buy” rating given on Monday, October 24 by Seaport Global. FBR Capital maintained the stock with “Outperform” rating in Thursday, June 30 report. The firm has “Neutral” rating by Sidoti given on Thursday, November 3. The stock of Tutor Perini Corp (NYSE:TPC) earned “Neutral” rating by M Partners on Wednesday, June 29. The rating was upgraded by Sidoti to “Buy” on Monday, January 25. The firm earned “Buy” rating on Wednesday, August 24 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 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.
Aqr Management Limited Liability Company, a Connecticut-based fund reported 70,687 shares. Grantham Mayo Van Otterloo And Co Ltd Com owns 73,519 shares or 0.01% of their US portfolio. Blackrock Fund Advisors holds 0% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 889,192 shares. Cooper Creek Ptnrs Limited Liability owns 392,081 shares or 5.84% of their US portfolio. Moreover, Polaris Mngmt Ltd Liability Corp has 0.18% invested in Tutor Perini Corp (NYSE:TPC) for 86,471 shares. Kennedy Capital Management Inc holds 500,391 shares or 0.24% of its portfolio. The Sweden-based Nordea Invest Mngmt has invested 0.01% in Tutor Perini Corp (NYSE:TPC). Artemis Mgmt Limited Liability Partnership accumulated 364,840 shares or 0.14% of the stock. Swiss Natl Bank has 0% invested in the company for 65,700 shares. Rhumbline Advisers last reported 45,533 shares in the company. Parametric Assoc Ltd Liability Com last reported 257,398 shares in the company. Voya Investment Mngmt Limited Liability Corp has 16,140 shares for 0% of their US portfolio. Diam reported 57,312 shares or 0.02% of all its holdings. Teachers Incorporated last reported 63,154 shares in the company. Lpl Finance Limited Liability Corp owns 11,510 shares or 0% of their US portfolio.

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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