Standpoint Research Initiates Coverage on Tutor Perini Corp to Buy

Standpoint Research Initiates Coverage on Tutor Perini Corp(NYSE:TPC). The shares have been rated Buy. The rating by Standpoint Research was issued on Apr 11, 2016.

Tutor Perini Corp (TPC) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -1.29% at a volume of 2,57,956. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.55. The peak price level was also seen at $15.55 while the days lowest was $15.18. Finally the shares closed at $15.29. The 52-week high of the shares is $24.74 while the 52-week low is $10.16. According to the latest information available, the market cap of the company is $750 M.

Tutor Perini Corp(TPC) last announced its earnings results on Feb 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.20B. Analysts had an estimated revenue of $1.31B. Earnings per share were $0.18. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On Dec 18, 2015, James A Frost (President & COO) sold 10,000 shares at $16.68 per share price.Also, On Jun 17, 2015, N. Tutor Separate Prope Ronald (10% owner) purchased 10,080 shares at $23.66 per share price.On Jun 17, 2015, Ronald N Tutor (CEO) purchased 10,080 shares at $23.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Tutor Perini Corporation is a construction company engaged in providing general contracting construction management and design-build services to private customers and public agencies. The Company operates through three segments: Civil Building and Specialty Contractors. The Civil segment focuses on public works construction and the repair replacement and reconstruction of infrastructure including highways bridges mass transit systems and water management and wastewater treatment facilities. Its Building segment provides services to various specialized building markets including the hospitality and gaming transportation healthcare municipal offices sports and entertainment educational and correctional facilities among others. Its Specialty Contractors segment provides electrical mechanical plumbing HVAC fire protection systems and pneumatically placed concrete for a range of civil and building construction projects.

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