Tutor Perini Co. (NYSE:TPC) Short Interest Up 18.1% in March

Tutor Perini Co. (NYSE:TPC - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,370,000 shares, a growth of 18.1% from the March 15th total of 1,160,000 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily volume of 612,600 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

A number of brokerages recently commented on TPC. B. Riley raised Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Trading Up 3.1 %

Shares of NYSE:TPC traded up $0.65 during trading on Friday, reaching $21.90. The company's stock had a trading volume of 425,531 shares, compared to its average volume of 535,703. The stock has a market capitalization of $1.15 billion, a PE ratio of -8.73 and a beta of 1.47. Tutor Perini has a 12 month low of $14.50 and a 12 month high of $34.55. 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 simple moving average is $23.19 and its two-hundred day simple moving average is $25.04.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the previous year, the business earned ($0.91) earnings per share.

Institutional Investors Weigh In On Tutor Perini

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after purchasing an additional 510 shares during the last quarter. FMR LLC boosted its position in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after buying an additional 2,399 shares during the period. State of Wyoming grew its stake in shares of Tutor Perini by 39.7% during the fourth 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 last quarter. Optimize Financial Inc purchased a new stake in shares of Tutor Perini in the fourth quarter worth approximately $221,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Tutor Perini during the 4th quarter worth approximately $232,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

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.