11,741 Shares in Tutor Perini Co. (NYSE:TPC) Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in shares of Tutor Perini Co. (NYSE:TPC) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,741 shares of the construction company’s stock, valued at approximately $284,000.

A number of other large investors have also added to or reduced their stakes in TPC. Aquatic Capital Management LLC purchased a new stake in shares of Tutor Perini during the fourth quarter worth about $793,000. Miller Value Partners LLC lifted its holdings in Tutor Perini by 38.8% in the 4th quarter. Miller Value Partners LLC now owns 76,040 shares of the construction company’s stock worth $1,840,000 after buying an additional 21,240 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Tutor Perini by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,873 shares of the construction company’s stock worth $2,708,000 after buying an additional 14,572 shares during the period. Hsbc Holdings PLC grew its position in shares of Tutor Perini by 9.8% in the 4th quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company’s stock worth $743,000 after buying an additional 2,759 shares during the last quarter. Finally, Mirova purchased a new position in shares of Tutor Perini during the fourth quarter valued at approximately $1,359,000. Institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPC. UBS Group lifted their price target on shares of Tutor Perini from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, B. Riley raised Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th.

Tutor Perini Stock Performance

Shares of TPC stock opened at $32.55 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $23.14 and its 200-day moving average price is $24.78. The stock has a market cap of $1.72 billion, a PE ratio of -12.97 and a beta of 1.62. Tutor Perini Co. has a 12 month low of $14.50 and a 12 month high of $34.55.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.47. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 18.8% compared to the same quarter last year.

About Tutor Perini

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.