WINTON GROUP Ltd Takes $235,000 Position in Tutor Perini Co. (NYSE:TPC)

WINTON GROUP Ltd purchased a new stake in Tutor Perini Co. (NYSE:TPC) during the second quarter, HoldingsChannel reports. The institutional investor purchased 10,782 shares of the construction company’s stock, valued at approximately $235,000.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its position in Tutor Perini by 142.8% during the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after buying an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $51,000. nVerses Capital LLC acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $63,000. Quest Partners LLC boosted its position in Tutor Perini by 537.2% during the 2nd quarter. Quest Partners LLC now owns 4,148 shares of the construction company’s stock worth $90,000 after buying an additional 3,497 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Tutor Perini during the 1st quarter worth approximately $77,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of 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 research report on Friday, June 14th.

Tutor Perini Stock Up 1.4 %

Shares of NYSE TPC opened at $24.45 on Thursday. The company has a market capitalization of $1.28 billion, a P/E ratio of -12.12 and a beta of 1.51. Tutor Perini Co. has a 52-week low of $6.85 and a 52-week high of $26.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65. The company’s 50 day moving average price is $22.54 and its 200-day moving average price is $19.28.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.15). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.72) EPS. Equities 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.