Tutor Perini Co. (NYSE:TPC) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of Tutor Perini Co. (NYSE:TPC) by 53.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,622 shares of the construction company’s stock after acquiring an additional 908 shares during the quarter. Cwm LLC’s holdings in Tutor Perini were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TPC. SG Americas Securities LLC grew its position in Tutor Perini by 44.1% during the third quarter. SG Americas Securities LLC now owns 17,074 shares of the construction company’s stock worth $464,000 after buying an additional 5,223 shares during the period. Point72 DIFC Ltd acquired a new position in Tutor Perini during the second quarter worth about $158,000. Truist Financial Corp acquired a new position in Tutor Perini during the second quarter worth about $380,000. Creative Planning acquired a new position in Tutor Perini during the second quarter worth about $312,000. Finally, Algert Global LLC acquired a new position in Tutor Perini during the second quarter worth about $4,138,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Stock Down 1.6 %

TPC stock opened at $25.97 on Monday. The company’s 50 day simple moving average is $25.02 and its 200-day simple moving average is $21.88. The firm has a market capitalization of $1.36 billion, a PE ratio of -12.73 and a beta of 1.50. Tutor Perini Co. has a 12 month low of $6.86 and a 12 month high of $30.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.72) earnings per share. Equities analysts expect that Tutor Perini Co. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TPC has been the topic of several recent analyst reports. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group increased their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.

Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.