9,610 Shares in Tutor Perini Corporation $TPC Acquired 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. purchased a new position in Tutor Perini Corporation (NYSE:TPC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,610 shares of the construction company's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPC. GAMMA Investing LLC raised its stake in Tutor Perini by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after buying an additional 510 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Tutor Perini during the first quarter valued at approximately $54,000. CWM LLC boosted its holdings in Tutor Perini by 32.8% in the first 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. State of Wyoming boosted its holdings in Tutor Perini by 39.7% in the fourth quarter. State of Wyoming now owns 6,212 shares of the construction company's stock worth $150,000 after purchasing an additional 1,764 shares during the period. Finally, Aigen Investment Management LP acquired a new position in Tutor Perini in the first quarter worth $200,000. Institutional investors and hedge funds own 65.01% of the company's stock.

Insider Transactions at Tutor Perini

In related news, Chairman Ronald N. Tutor sold 130,478 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $40.93, for a total value of $5,340,464.54. Following the completion of the transaction, the chairman directly owned 4,570,985 shares of the company's stock, valued at $187,090,416.05. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 310,000 shares of company stock valued at $12,270,901. Corporate insiders own 17.30% of the company's stock.

Analyst Ratings Changes

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

Tutor Perini Stock Performance

Shares of Tutor Perini stock traded up $1.4810 on Friday, reaching $58.5010. 611,870 shares of the company were exchanged, compared to its average volume of 775,285. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.32 and a current ratio of 1.32. The company's 50-day moving average is $48.52 and its two-hundred day moving average is $34.47. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of -23.21 and a beta of 1.83. Tutor Perini Corporation has a 1-year low of $18.33 and a 1-year high of $63.96.

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

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.