SG Americas Securities LLC Makes New $965,000 Investment in Tutor Perini Corporation (NYSE:TPC)

SG Americas Securities LLC acquired a new position in Tutor Perini Corporation (NYSE:TPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,638 shares of the construction company's stock, valued at approximately $965,000. SG Americas Securities LLC owned approximately 0.08% of Tutor Perini as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Tutor Perini by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after acquiring an additional 510 shares during the last quarter. Commonwealth Equity Services LLC increased its position in 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 buying an additional 700 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Tutor Perini by 7.0% during the fourth quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company's stock valued at $456,000 after acquiring an additional 1,235 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Tutor Perini by 4.3% during the fourth quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company's stock worth $936,000 after buying an additional 1,609 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Tutor Perini by 19.5% during the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock worth $249,000 after purchasing an additional 1,680 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tutor Perini

In other Tutor Perini news, Chairman Ronald N. Tutor sold 50,000 shares of Tutor Perini stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $37.45, for a total value of $1,872,500.00. Following the completion of the transaction, the chairman now directly owns 1,011,477 shares in the company, valued at $37,879,813.65. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raymond R. Oneglia sold 75,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $36.23, for a total transaction of $2,717,250.00. Following the transaction, the director now directly owns 115,470 shares of the company's stock, valued at $4,183,478.10. The trade was a 39.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 410,000 shares of company stock valued at $15,891,651. Corporate insiders own 17.30% of the company's stock.

Tutor Perini Stock Up 0.9%

Shares of TPC stock traded up $0.39 during trading hours on Friday, reaching $42.37. The company had a trading volume of 787,192 shares, compared to its average volume of 551,474. The stock's fifty day simple moving average is $32.09 and its 200 day simple moving average is $26.95. The company has a market capitalization of $2.23 billion, a P/E ratio of -14.71 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.33. Tutor Perini Corporation has a twelve month low of $14.50 and a twelve month high of $43.94.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.47. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative net margin of 3.35% and a negative return on equity of 11.64%. The business's quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TPC shares. UBS Group boosted their price objective on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen raised Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, B. Riley restated a "buy" rating and issued a $50.00 price objective (up from $40.00) on shares of Tutor Perini in a report on Friday, June 6th.

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.