Two Sigma Investments LP Boosts Stock Holdings in Tutor Perini Co. (NYSE:TPC)

Two Sigma Investments LP increased its position in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 110.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,810 shares of the construction company's stock after purchasing an additional 25,076 shares during the period. Two Sigma Investments LP owned approximately 0.09% of Tutor Perini worth $1,157,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Tutor Perini by 298.0% during the third quarter. Barclays PLC now owns 69,875 shares of the construction company's stock worth $1,898,000 after buying an additional 52,319 shares during the period. Empowered Funds LLC boosted its stake in shares of Tutor Perini by 5.1% during the 4th quarter. Empowered Funds LLC now owns 282,247 shares of the construction company's stock worth $6,830,000 after acquiring an additional 13,726 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Tutor Perini by 40,975.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock worth $3,400,000 after acquiring an additional 140,135 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake 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 worth $249,000 after acquiring an additional 700 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Tutor Perini by 1,801.4% during the 4th quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after acquiring an additional 573,608 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Price Performance

Shares of TPC stock traded up $1.65 during trading hours on Friday, hitting $40.54. The company's stock had a trading volume of 1,340,702 shares, compared to its average volume of 548,703. The business has a fifty day moving average of $27.94 and a 200-day moving average of $25.95. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -16.15 and a beta of 1.74. Tutor Perini Co. has a twelve month low of $14.50 and a twelve month high of $40.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.06 by $0.47. The business had revenue of $1.25 billion for 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 company's quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share.

Wall Street Analyst Weigh In

TPC has been the topic of several research analyst reports. UBS Group boosted their price target on Tutor Perini from $40.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. B. Riley reissued a "buy" rating and set a $50.00 price target (up previously from $40.00) on shares of Tutor Perini in a research note on Friday. Finally, Wall Street Zen upgraded shares of Tutor Perini from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Insider Activity at Tutor Perini

In related news, Chairman Ronald N. Tutor sold 50,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $37.45, for a total transaction of $1,872,500.00. Following the transaction, the chairman now owns 1,011,477 shares of the company's stock, valued at approximately $37,879,813.65. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raymond R. Oneglia sold 75,000 shares of the company'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 transaction of $2,717,250.00. Following the transaction, the director now directly owns 115,470 shares in the company, valued at $4,183,478.10. The trade was a 39.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,000 shares of company stock valued at $9,355,250. Company insiders own 17.30% of the company's stock.

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.