Tudor Investment Corp ET AL Has $274,000 Position in Tutor Perini Corporation (NYSE:TPC)

Tudor Investment Corp ET AL reduced its position in shares of Tutor Perini Corporation (NYSE:TPC) by 56.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 8,617 shares of the construction company’s stock after selling 11,094 shares during the period. Tudor Investment Corp ET AL’s holdings in Tutor Perini Corporation were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPC. Dimensional Fund Advisors LP boosted its position in Tutor Perini Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,156,868 shares of the construction company’s stock worth $132,186,000 after buying an additional 13,856 shares in the last quarter. Alliancebernstein L.P. boosted its position in Tutor Perini Corporation by 2.8% in the first quarter. Alliancebernstein L.P. now owns 3,762,550 shares of the construction company’s stock worth $119,649,000 after buying an additional 101,501 shares in the last quarter. Vanguard Group Inc. boosted its position in Tutor Perini Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock worth $102,918,000 after buying an additional 229,127 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Tutor Perini Corporation by 3.0% in the first quarter. Frontier Capital Management Co. LLC now owns 1,813,512 shares of the construction company’s stock worth $57,670,000 after buying an additional 52,326 shares in the last quarter. Finally, LSV Asset Management boosted its position in Tutor Perini Corporation by 2.5% in the first quarter. LSV Asset Management now owns 1,716,956 shares of the construction company’s stock worth $54,599,000 after buying an additional 41,808 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tutor Perini Corporation (TPC) traded down 1.43% on Friday, hitting $24.15. The stock had a trading volume of 227,916 shares. The company has a 50 day moving average price of $27.47 and a 200-day moving average price of $28.70. The stock has a market cap of $1.20 billion, a PE ratio of 11.87 and a beta of 2.42. Tutor Perini Corporation has a 12 month low of $18.05 and a 12 month high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last posted its earnings results on Monday, August 7th. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Tutor Perini Corporation will post $2.27 earnings per share for the current year.

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TPC has been the topic of a number of research analyst reports. Zacks Investment Research cut Tutor Perini Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub raised Tutor Perini Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Tutor Perini Corporation currently has an average rating of “Buy” and a consensus price target of $31.29.

Tutor Perini Corporation Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Institutional Ownership by Quarter for Tutor Perini Corporation (NYSE:TPC)

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