XTX Topco Ltd Takes $746,000 Position in Tutor Perini Co. (NYSE:TPC)

XTX Topco Ltd acquired a new stake in Tutor Perini Co. (NYSE:TPC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 34,252 shares of the construction company’s stock, valued at approximately $746,000. XTX Topco Ltd owned 0.07% of Tutor Perini at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC grew its position in shares of Tutor Perini by 77.7% in the 2nd quarter. Hsbc Holdings PLC now owns 22,554 shares of the construction company’s stock valued at $493,000 after acquiring an additional 9,859 shares during the period. Renaissance Technologies LLC grew its position in shares of Tutor Perini by 20.3% in the 2nd quarter. Renaissance Technologies LLC now owns 515,380 shares of the construction company’s stock valued at $11,225,000 after acquiring an additional 86,800 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tutor Perini by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company’s stock valued at $52,263,000 after acquiring an additional 198,348 shares during the period. WINTON GROUP Ltd bought a new position in shares of Tutor Perini in the 2nd quarter valued at about $235,000. Finally, American Century Companies Inc. grew its position in shares of Tutor Perini by 59.9% in the 2nd quarter. American Century Companies Inc. now owns 759,665 shares of the construction company’s stock valued at $16,546,000 after acquiring an additional 284,627 shares during the period. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $26.20 on Monday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.84 and a beta of 1.51. 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 has a 50-day simple moving average of $22.69 and a 200 day simple moving average of $19.58. Tutor Perini Co. has a 52 week low of $6.85 and a 52 week high of $27.05.

Tutor Perini (NYSE:TPC) last announced its 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). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.72) EPS. On average, sell-side analysts predict that Tutor Perini Co. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised 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 report on Friday, June 14th.

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.