Captrust Financial Advisors Takes $251,000 Position in Tutor Perini Co. (NYSE:TPC)

Captrust Financial Advisors purchased a new position in shares of Tutor Perini Co. (NYSE:TPC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,361 shares of the construction company's stock, valued at approximately $251,000.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its holdings in Tutor Perini by 298.0% in the third quarter. Barclays PLC now owns 69,875 shares of the construction company's stock valued at $1,898,000 after buying an additional 52,319 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock worth $2,255,000 after acquiring an additional 37,478 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Tutor Perini by 5.1% in the fourth quarter. Empowered Funds LLC now owns 282,247 shares of the construction company's stock worth $6,830,000 after acquiring an additional 13,726 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Tutor Perini by 40,975.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock valued at $3,400,000 after acquiring an additional 140,135 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings 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 valued at $249,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. UBS Group upped their price objective on Tutor Perini from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, B. Riley upgraded Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th.

Tutor Perini Stock Performance

Shares of TPC traded up $0.99 during mid-day trading on Tuesday, reaching $36.81. The company's stock had a trading volume of 41,967 shares, compared to its average volume of 546,727. 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 1-year low of $14.50 and a 1-year high of $37.08. The business has a 50-day simple moving average of $25.50 and a two-hundred day simple moving average of $25.37. The stock has a market cap of $1.94 billion, a P/E ratio of -14.60 and a beta of 1.62.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results 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. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company's revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share.

Insider Transactions at Tutor Perini

In related news, Director Raymond R. Oneglia sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $36.23, for a total transaction of $2,717,250.00. Following the completion of the sale, the director now owns 115,470 shares of the company's stock, valued at $4,183,478.10. This trade represents a 39.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 17.30% of the company's stock.

Tutor Perini Company 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.