How Analysts Feel About Tutor Perini Corporation (TPC) After Reaching 52 Week Low?

July 12, 2018 - By Ash

Tutor Perini Corporation (NYSE:TPC) Logo

Investors sentiment increased to 1.49 in 2018 Q1. Its up 0.25, from 1.24 in 2017Q4. It is positive, as 20 investors sold Tutor Perini Corporation shares while 39 reduced holdings. 30 funds opened positions while 58 raised stakes. 41.10 million shares or 4.80% more from 39.21 million shares in 2017Q4 were reported.
Us Natl Bank De holds 0% or 4,012 shares. Ny State Common Retirement Fund owns 54,920 shares for 0% of their portfolio. Utd Serv Automobile Association owns 94,160 shares or 0.01% of their US portfolio. 132,751 are owned by Ima Wealth. Rhumbline Advisers holds 0% in Tutor Perini Corporation (NYSE:TPC) or 38,254 shares. Grp Incorporated One Trading Ltd Partnership stated it has 3,828 shares or 0% of all its holdings. Icm Asset Mngmt Inc Wa stated it has 27,400 shares. Oppenheimer holds 0.01% in Tutor Perini Corporation (NYSE:TPC) or 25,257 shares. Shell Asset Management accumulated 35,825 shares. Falcon Point Cap Limited Liability Com accumulated 36,832 shares. Thompson Siegel And Walmsley reported 427,940 shares stake. Dimensional Fund Advisors Ltd Partnership holds 0.04% or 4.20 million shares in its portfolio. United Cap Fincl Advisers Limited Liability owns 0% invested in Tutor Perini Corporation (NYSE:TPC) for 26,854 shares. Ameriprise Financial has invested 0% in Tutor Perini Corporation (NYSE:TPC). Los Angeles Capital Mgmt And Equity Research Incorporated accumulated 9,807 shares or 0% of the stock.

Since March 5, 2018, it had 0 buys, and 6 sales for $6.26 million activity. Ronald N. Tutor Separate Property Trust also sold $1.03 million worth of Tutor Perini Corporation (NYSE:TPC) on Wednesday, May 30.

The stock of Tutor Perini Corporation (NYSE:TPC) hit a new 52-week low and has $17.40 target or 4.00 % below today’s $18.13 share price. The 6 months bearish chart indicates high risk for the $904.67M company. The 1-year low was reported on Jul, 12 by Barchart.com. If the $17.40 price target is reached, the company will be worth $36.19 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.41% or $0.075 during the last trading session, reaching $18.125. About 220,733 shares traded. Tutor Perini Corporation (NYSE:TPC) has declined 21.41% since July 12, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Analysts await Tutor Perini Corporation (NYSE:TPC) to report earnings on August, 6. They expect $0.33 earnings per share, down 44.07 % or $0.26 from last year’s $0.59 per share. TPC’s profit will be $16.47M for 13.73 P/E if the $0.33 EPS becomes a reality. After $0.01 actual earnings per share reported by Tutor Perini Corporation for the previous quarter, Wall Street now forecasts 3,200.00 % EPS growth.

Tutor Perini Corporation (NYSE:TPC) Ratings Coverage

Among 4 analysts covering Tutor Perini (NYSE:TPC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tutor Perini had 4 analyst reports since February 28, 2018 according to SRatingsIntel. B. Riley & Co maintained Tutor Perini Corporation (NYSE:TPC) on Wednesday, February 28 with “Buy” rating. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Wednesday, February 28 report.

More notable recent Tutor Perini Corporation (NYSE:TPC) news were published by: Seekingalpha.com which released: “The Tutor Perini Conundrum” on June 28, 2018, also Streetinsider.com with their article: “Tutor Perini (TPC) Announces Award for $410 Million Contract for Purple Line Extension Section 3 Tunnels” published on July 05, 2018, Streetinsider.com published: “Tutor Perini (TPC) JV with Frontier-Kemper Secures $410M Contract from Los Angeles County MTA for Purple Line …” on June 15, 2018. More interesting news about Tutor Perini Corporation (NYSE:TPC) were released by: Nasdaq.com and their article: “Analysis: Positioning to Benefit within Uranium Energy, Bellicum Pharmaceuticals, Tutor Perini, Maiden, Hill-Rom, and …” published on June 15, 2018 as well as Investorplace.com‘s news article titled: “5 Low Price-to-Book Stocks Worth Buying in July” with publication date: July 09, 2018.

Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. The company has market cap of $904.67 million. It operates through three divisions: Civil, Building, and Specialty Contractors. It has a 6.21 P/E ratio. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

Tutor Perini Corporation (NYSE:TPC) Institutional Positions Chart

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