Two Sigma Advisers LP Has $3.02 Million Position in Tutor Perini Co. (NYSE:TPC)

Two Sigma Advisers LP reduced its position in Tutor Perini Co. (NYSE:TPC - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,800 shares of the construction company's stock after selling 14,100 shares during the quarter. Two Sigma Advisers LP owned about 0.24% of Tutor Perini worth $3,020,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming increased its holdings in Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company's stock valued at $150,000 after buying an additional 1,764 shares during the period. Optimize Financial Inc bought a new stake in shares of Tutor Perini during the 4th quarter valued at approximately $221,000. KLP Kapitalforvaltning AS bought a new stake in shares of Tutor Perini during the 4th quarter valued at approximately $232,000. Commonwealth Equity Services LLC grew its holdings in shares of Tutor Perini by 7.3% during 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. Finally, EP Wealth Advisors LLC grew its holdings in shares of Tutor Perini by 19.5% during the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock valued at $249,000 after purchasing an additional 1,680 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wall Street Zen raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

Insiders Place Their Bets

In other news, Director Raymond R. Oneglia sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $36.23, for a total value of $2,717,250.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.30% of the company's stock.

Tutor Perini Trading Down 0.6%

TPC traded down $0.24 during trading on Friday, reaching $36.94. 475,948 shares of the company's stock were exchanged, compared to its average volume of 549,940. Tutor Perini Co. has a one year low of $14.50 and a one year high of $37.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.95 billion, a PE ratio of -14.72 and a beta of 1.62. The firm has a fifty day moving average price of $26.44 and a two-hundred day moving average price of $25.63.

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

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.