WINTON GROUP Ltd Purchases Shares of 10,782 Tutor Perini Co. (NYSE:TPC)

WINTON GROUP Ltd purchased a new stake in Tutor Perini Co. (NYSE:TPC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,782 shares of the construction company’s stock, valued at approximately $235,000.

Several other large investors have also recently bought and sold shares of TPC. CWM LLC increased its stake 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 acquiring an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Tutor Perini in the second quarter valued at about $51,000. nVerses Capital LLC bought a new stake in Tutor Perini during the second quarter worth about $63,000. Quest Partners LLC grew its stake in Tutor Perini by 537.2% during the second 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 in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Tutor Perini in the 1st quarter valued at about $77,000. 65.01% of the stock is owned by institutional investors.

Tutor Perini Price Performance

Shares of TPC stock opened at $24.45 on Thursday. Tutor Perini Co. has a twelve month low of $6.85 and a twelve month high of $26.88. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $22.54 and a 200 day simple moving average of $19.28. The company has a market cap of $1.28 billion, a P/E ratio of -12.12 and a beta of 1.51.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted ($0.72) earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Tutor Perini Co. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.