SG Americas Securities LLC Buys 5,223 Shares of Tutor Perini Co. (NYSE:TPC)

SG Americas Securities LLC lifted its stake in Tutor Perini Co. (NYSE:TPC) by 44.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,074 shares of the construction company’s stock after purchasing an additional 5,223 shares during the quarter. SG Americas Securities LLC’s holdings in Tutor Perini were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TPC. Hennessy Advisors Inc. bought a new stake in shares of Tutor Perini in the 2nd quarter worth approximately $12,362,000. American Century Companies Inc. boosted 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 worth $16,546,000 after purchasing an additional 284,627 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Tutor Perini by 84.4% in the 2nd quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company’s stock worth $11,742,000 after purchasing an additional 246,901 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $52,263,000 after purchasing an additional 198,348 shares in the last quarter. Finally, Algert Global LLC bought a new position in Tutor Perini in the 2nd quarter valued at approximately $4,138,000. 65.01% of the stock is owned by institutional investors.

Tutor Perini Stock Performance

TPC stock opened at $27.83 on Thursday. The stock has a market capitalization of $1.46 billion, a PE ratio of -13.64 and a beta of 1.50. Tutor Perini Co. has a 12-month low of $6.85 and a 12-month high of $28.13. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $23.87 and its 200 day simple moving average is $21.21.

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

About Tutor Perini

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.