Quest Partners LLC Buys 3,497 Shares of Tutor Perini Co. (NYSE:TPC)

Quest Partners LLC boosted its position in shares of Tutor Perini Co. (NYSE:TPC) by 537.2% during the second quarter, Holdings Channel.com reports. The fund owned 4,148 shares of the construction company’s stock after acquiring an additional 3,497 shares during the quarter. Quest Partners LLC’s holdings in Tutor Perini were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CWM LLC raised its position in shares of Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock valued at $37,000 after buying an additional 1,008 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Tutor Perini during the second quarter valued at $51,000. nVerses Capital LLC purchased a new position in Tutor Perini during the second quarter valued at $63,000. EntryPoint Capital LLC bought a new stake in Tutor Perini in the 1st quarter valued at $77,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Tutor Perini in the 2nd quarter worth $202,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group raised Tutor Perini from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $27.00 in a report on Friday, June 14th.

Tutor Perini Trading Up 0.7 %

TPC opened at $24.10 on Wednesday. Tutor Perini Co. has a 52 week low of $6.85 and a 52 week high of $26.88. The company has a market capitalization of $1.26 billion, a P/E ratio of -11.81 and a beta of 1.51. The stock’s fifty day moving average is $22.48 and its two-hundred day moving average is $19.20. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.72) EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts forecast that Tutor Perini Co. will post 1.12 earnings per share for the current year.

Tutor Perini 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.