D.A. Davidson & Co. Believes Earnings Growth Reflects Underlying Market Momentum For Tutor Perini

In a report published Wednesday, D.A. Davidson & Co. analyst John B. Rogers reiterated a Buy rating and $40.00 price target on

. In the report, D.A. Davidson & Co. noted, “Second quarter EPS of $0.58 per share improved substantially from $0.32 last year and exceeded our estimate of $0.53 (consensus was $0.48). Operating results benefitted from improved contributions from both the Civil and Building segments partially offset by lower Specialty Contracting contributions and a non-operating loss on the sale of securities.” Tutor Perini closed on Tuesday at $27.24.