Graham Capital Management L.P. Buys Shares of 13,195 Tutor Perini Co. (NYSE:TPC)

Graham Capital Management L.P. purchased a new position in Tutor Perini Co. (NYSE:TPC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,195 shares of the construction company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its stake 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 acquiring an additional 52,319 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Tutor Perini by 67.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock valued at $2,255,000 after purchasing an additional 37,478 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Tutor Perini by 10.4% during the 4th quarter. Franklin Resources Inc. now owns 88,216 shares of the construction company's stock valued at $2,135,000 after buying an additional 8,309 shares in the last quarter. Empowered Funds LLC boosted its stake in 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 buying an additional 13,726 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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 during the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $36.75 on Friday. 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 Co. has a one year low of $14.50 and a one year high of $37.08. The business's 50 day simple moving average is $24.25 and its two-hundred day simple moving average is $25.09. The stock has a market capitalization of $1.94 billion, a P/E ratio of -14.64 and a beta of 1.62.

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

Insider Buying and Selling

In other Tutor Perini news, Director Raymond R. Oneglia sold 75,000 shares of the company'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 transaction, the director now owns 115,470 shares of the company's stock, valued at $4,183,478.10. This represents a 39.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.30% of the stock is owned by insiders.

Analysts Set New Price Targets

TPC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, UBS Group upped their price target 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.

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.

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