Tutor Perini Co. (NYSE:TPC) Shares Purchased by Brightline Capital Management LLC

Brightline Capital Management LLC boosted its position in shares of Tutor Perini Co. (NYSE:TPC) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 563,000 shares of the construction company’s stock after acquiring an additional 3,000 shares during the period. Tutor Perini makes up approximately 10.8% of Brightline Capital Management LLC’s portfolio, making the stock its 4th largest position. Brightline Capital Management LLC’s holdings in Tutor Perini were worth $13,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after buying an additional 2,399 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Tutor Perini during the third quarter worth $201,000. KLP Kapitalforvaltning AS purchased a new position in Tutor Perini during the fourth quarter valued at $232,000. EP Wealth Advisors LLC acquired a new stake in shares of Tutor Perini in the third quarter valued at about $234,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Up 0.5 %

Shares of NYSE TPC opened at $20.88 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of -8.32 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a 12-month low of $13.15 and a 12-month high of $34.55. The company has a 50-day moving average of $23.72 and a 200 day moving average of $25.42.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the prior year, the business posted ($0.91) EPS.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TPC. B. Riley upgraded Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

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.