Tutor Perini (NYSE:TPC) a Buy or a Sell? What does Stifel Think?


How Stifel Currently Rates Tutor Perini (NYSE:TPC)

Stifel have initiated coverage on Tutor Perini (NYSE:TPC) shares recently in an interesting research report shared with investors on Wednesday morning. The firm has decided to place a Hold rating on TPC stock.

Approximately 600 shares of stock traded hands. Tutor Perini Corp (NYSE:TPC) has declined 23.72% since May 6, 2015 and is downtrending. It has underperformed by 22.93% the S&P500.

The overall sentiment of institutions has decreased to 0.96 in Q2 2015. Its down 0.16, from 1.12 in 2015Q2. The ratio fall, as 26 institutions have sold all the shares of Tutor Perini Corp that they owned while 45 funds have taken shares off the table. 17 funds have purchased shares for the first time while 51 added to their positions. These institutions now hold 37.23 million shares or 2.39% more than the 36.36 million shares they owned in 2015Q2.

The Fund Towle & Co currently is holding shares equating to 3.07% of its total portfolio in Tutor Perini Corp representing a total of 816,487 shares. Another fund,Peconic Partners Llc, is holding a total of 935,837 shares equating to 2.52% of their holdings. Additionally, Irving Magee Investment Management has a 184,023 share stake in Tutor Perini Corp which represents 1.58% of their total portfolio. The Fund, True Bearing Asset Management Lp, based out of California, has also built up a stake in the stock, which represents a total of 1.32% of their total portfolio. Finally Walthausen & Co. Llc, a fund which is based in the state of New York reported a total holdings of 769,473 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 2, 2015, shareholders of Tutor Perini Corp have witnessed 1 insider buy, and a total of 3 selling transactions equating to a net activity of approximately $875,187 . Frost James A sold 5,000 shares worth approximately $90,750. Ronald N. Tutor Separate Property Trust bought 10,080 shares worth approximately $238,493.

Tutor Perini Corporation is a construction firm engaged in providing general contracting, construction management and design-build services to private clients and public agencies. The company has a market cap of $830.80 million. The Firm operates through three divisions: Civil, Building, and Specialty Contractors. It has 13.06 P/E ratio. 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.

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.” Get a free copy of the Zacks research report on Tutor Perini Corp (TPC).