Squarepoint Ops LLC Has $602,000 Stake in Tutor Perini Co. (NYSE:TPC)

Squarepoint Ops LLC boosted its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 107.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,865 shares of the construction company's stock after purchasing an additional 12,903 shares during the quarter. Squarepoint Ops LLC's holdings in Tutor Perini were worth $602,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming boosted its stake in Tutor Perini by 39.7% during the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company's stock valued at $150,000 after purchasing an additional 1,764 shares during the period. Optimize Financial Inc acquired a new position in Tutor Perini in the 4th quarter valued at approximately $221,000. KLP Kapitalforvaltning AS acquired a new position in Tutor Perini in the 4th quarter valued at approximately $232,000. Commonwealth Equity Services LLC raised its holdings 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 acquiring an additional 700 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Tutor Perini by 19.5% in the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock valued at $249,000 after acquiring an additional 1,680 shares in the last quarter. Institutional investors own 65.01% of the company's stock.

Insider Buying and Selling

In related news, Director Raymond R. Oneglia sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $36.14, for a total transaction of $903,500.00. Following the completion of the transaction, the director now owns 90,470 shares in the company, valued at $3,269,585.80. This trade represents a 21.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ronald N. Tutor sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $38.62, for a total value of $3,862,000.00. Following the transaction, the chairman now owns 4,730,985 shares of the company's stock, valued at $182,710,640.70. This trade represents a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 250,000 shares of company stock worth $9,355,250 in the last 90 days. 17.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

TPC has been the subject of several recent research reports. UBS Group upped their price target on Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Wall Street Zen raised Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

Tutor Perini Stock Performance

Tutor Perini stock traded up $0.23 during trading hours on Thursday, hitting $38.84. The stock had a trading volume of 594,210 shares, compared to its average volume of 546,452. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.05 billion, a PE ratio of -15.47 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 $39.39. The company has a 50-day moving average of $27.28 and a two-hundred day moving average of $25.85.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.06 by $0.47. The business 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%. Tutor Perini's revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS.

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.