9,610 Shares in Tutor Perini Corporation $TPC Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has made a new investment of approximately $223,000 in Tutor Perini Corporation, acquiring 9,610 shares during the first quarter.
• Several institutional investors, including GAMMA Investing LLC and CWM LLC, have increased their positions in Tutor Perini, with combined ownership by institutional investors at 65.01% of the company’s stock.
• Tutor Perini's stock has seen an increase in analyst ratings recently, with B. Riley raising their price target from $50.00 to $75.00 and a general consensus rating of "Buy."

Fox Run Management L.L.C. acquired a new stake in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,610 shares of the construction company's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TPC. GAMMA Investing LLC raised its position in Tutor Perini by 32.5% in the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock worth $48,000 after purchasing an additional 510 shares during the period. CWM LLC raised its position in Tutor Perini by 32.8% in the 1st quarter. CWM LLC now owns 3,442 shares of the construction company's stock worth $80,000 after purchasing an additional 850 shares during the period. New York State Common Retirement Fund raised its position in Tutor Perini by 8.8% in the 1st quarter. New York State Common Retirement Fund now owns 12,358 shares of the construction company's stock worth $286,000 after purchasing an additional 1,000 shares during the period. Envestnet Asset Management Inc. raised its position in Tutor Perini by 7.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,677 shares of the construction company's stock worth $363,000 after purchasing an additional 1,096 shares during the period. Finally, Gotham Asset Management LLC raised its position in Tutor Perini by 4.3% in the 4th quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company's stock worth $936,000 after purchasing an additional 1,609 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Insider Buying and Selling at Tutor Perini

In other news, Chairman Ronald N. Tutor sold 106,832 shares of Tutor Perini stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $59.06, for a total transaction of $6,309,497.92. Following the sale, the chairman owned 4,395,957 shares of the company's stock, valued at approximately $259,625,220.42. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 585,028 shares of company stock worth $28,492,720. Insiders own 17.30% of the company's stock.

Tutor Perini Trading Up 0.9%

Shares of TPC traded up $0.50 during trading hours on Tuesday, reaching $59.02. 558,534 shares of the company traded hands, compared to its average volume of 786,232. The company's fifty day moving average price is $49.18 and its two-hundred day moving average price is $35.03. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -23.42 and a beta of 1.83. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. Tutor Perini Corporation has a 12 month low of $18.33 and a 12 month high of $63.96.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $1.12. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.27 billion. Tutor Perini had a negative net margin of 2.77% and a negative return on equity of 6.41%. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group lifted their target price on shares of Tutor Perini from $59.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Tutor Perini from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 11th. Zacks Research upgraded shares of Tutor Perini to a "strong-buy" rating in a research report on Friday, August 8th. Finally, B. Riley lifted their target price on shares of Tutor Perini from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, Tutor Perini currently has an average rating of "Buy" and a consensus target price of $60.00.

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.