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

Captrust Financial Advisors acquired a new stake in Tutor Perini Co. (NYSE:TPC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,361 shares of the construction company's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPC. Optimize Financial Inc purchased a new position in shares of Tutor Perini during the 4th quarter valued at approximately $221,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Tutor Perini during the fourth quarter worth approximately $232,000. Commonwealth Equity Services LLC raised its stake in Tutor Perini by 7.3% in the 4th 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. Tudor Investment Corp ET AL purchased a new position in Tutor Perini in the 4th quarter valued at $284,000. Finally, Envestnet Asset Management Inc. boosted its stake in Tutor Perini by 46.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,581 shares of the construction company's stock worth $353,000 after purchasing an additional 4,649 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analysts Set New Price Targets

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

Tutor Perini Trading Up 2.9%

Shares of NYSE:TPC traded up $1.05 during midday trading on Tuesday, reaching $36.87. 669,286 shares of the company's stock were exchanged, compared to its average volume of 549,168. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -14.69 and a beta of 1.62. Tutor Perini Co. has a fifty-two week low of $14.50 and a fifty-two week high of $37.17. The firm's 50 day simple moving average is $25.73 and its two-hundred day simple moving average is $25.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55.

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

Insider Buying and Selling

In related news, Director Raymond R. Oneglia sold 75,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $36.23, for a total value of $2,717,250.00. Following the sale, the director now owns 115,470 shares in the company, valued at approximately $4,183,478.10. The trade was a 39.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.30% of the stock is currently owned by corporate insiders.

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.