Occudo Quantitative Strategies LP bought a new stake in Tutor Perini Co. (NYSE:TPC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,247 shares of the construction company's stock, valued at approximately $272,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of 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 buying an additional 700 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Tutor Perini by 7.0% in the 4th quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company's stock valued at $456,000 after buying an additional 1,235 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Tutor Perini by 4.3% in the 4th quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company's stock valued at $936,000 after buying an additional 1,609 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of 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 buying an additional 1,680 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Tutor Perini by 9.8% in the 4th quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company's stock valued at $743,000 after buying an additional 2,759 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Tutor Perini news, Director Raymond R. Oneglia sold 25,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $36.14, for a total value of $903,500.00. Following the sale, the director now owns 90,470 shares in the company, valued at approximately $3,269,585.80. The trade was a 21.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 17.30% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on TPC shares. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. 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. Finally, StockNews.com raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.
View Our Latest Research Report on TPC
Tutor Perini Trading Up 1.1%
Shares of Tutor Perini stock opened at $36.75 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of -14.64 and a beta of 1.62. 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 firm's 50 day moving average is $24.25 and its 200 day moving average is $25.10. Tutor Perini Co. has a 1 year low of $14.50 and a 1 year high of $37.08.
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
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding TPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tutor Perini Co. (NYSE:TPC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tutor Perini, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tutor Perini wasn't on the list.
While Tutor Perini currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
