Tutor Perini (NYSE:TPC) Share Price Passes Above 200 Day Moving Average of $7.05

Posted by Defense World Staff on Sep 7th, 2023

Tutor Perini Co. (NYSE:TPC – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.05 and traded as high as $8.71. Tutor Perini shares last traded at $8.66, with a volume of 224,966 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. B. Riley lifted their price target on shares of Tutor Perini from $8.00 to $11.00 in a research report on Tuesday, August 8th. StockNews.com began coverage on Tutor Perini in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.

Get Our Latest Analysis on Tutor Perini

Tutor Perini Price Performance

The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.66. The company has a market cap of $450.15 million, a price-to-earnings ratio of -2.11 and a beta of 1.53. The stock’s 50-day simple moving average is $8.20 and its 200 day simple moving average is $7.05.

Tutor Perini (NYSE:TPC – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.71). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $919.80 million. Tutor Perini had a negative return on equity of 14.83% and a negative net margin of 5.62%. On average, equities research analysts anticipate that Tutor Perini Co. will post -1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in shares of Tutor Perini in the first quarter valued at approximately $26,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Tutor Perini in the 1st quarter valued at approximately $52,000. Verus Capital Partners LLC acquired a new position in shares of Tutor Perini in the first quarter worth $82,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tutor Perini during the second quarter worth $83,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Tutor Perini by 17.5% in the second quarter. Schonfeld Strategic Advisors LLC now owns 12,100 shares of the construction company’s stock valued at $87,000 after acquiring an additional 1,800 shares in the last quarter. 63.61% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Company Profile

(Get Free Report)

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates in three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure; and offers civil contracting services, including construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities, as well as provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects.