7,407 Shares in Tutor Perini Co. (NYSE:TPC) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Tutor Perini Co. (NYSE:TPC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,407 shares of the construction company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently bought and sold shares of TPC. CWM LLC boosted its position in shares of Tutor Perini by 142.8% in the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,008 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Tutor Perini in the third quarter valued at about $52,000. Allspring Global Investments Holdings LLC bought a new position in Tutor Perini during the second quarter worth about $51,000. nVerses Capital LLC acquired a new position in shares of Tutor Perini during the 2nd quarter worth about $63,000. Finally, USA Financial Formulas increased its stake in shares of Tutor Perini by 19.6% in the 3rd quarter. USA Financial Formulas now owns 3,451 shares of the construction company’s stock valued at $94,000 after acquiring an additional 566 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Raymond R. Oneglia sold 100,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $28.73, for a total transaction of $2,873,000.00. Following the completion of the transaction, the director now owns 400,000 shares in the company, valued at approximately $11,492,000. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald N. Tutor sold 125,000 shares of Tutor Perini stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the completion of the sale, the chief executive officer now owns 3,257,313 shares in the company, valued at $100,064,655.36. The trade was a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 325,000 shares of company stock worth $9,686,000. 19.50% of the stock is owned by corporate insiders.

Tutor Perini Stock Performance

Shares of TPC opened at $25.33 on Friday. The firm’s 50 day moving average price is $27.61 and its two-hundred day moving average price is $24.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a twelve month low of $7.83 and a twelve month high of $34.55. The firm has a market cap of $1.33 billion, a P/E ratio of -10.09 and a beta of 1.49.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.89) by ($0.03). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted ($0.71) earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Tutor Perini Co. will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPC. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Monday. B. Riley boosted their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group raised their price objective on Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Vertical Research initiated coverage on Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price for the company.

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.