Renaissance Technologies LLC lifted its position in shares of Tutor Perini (NYSE:TPC) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,800 shares of the construction company’s stock after purchasing an additional 8,800 shares during the period. Renaissance Technologies LLC owned about 0.22% of Tutor Perini worth $2,758,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Tutor Perini during the fourth quarter worth about $101,000. SG Americas Securities LLC purchased a new position in shares of Tutor Perini during the third quarter worth about $135,000. Bank of Montreal Can grew its holdings in shares of Tutor Perini by 328.5% during the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock worth $191,000 after buying an additional 5,788 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Tutor Perini by 21.3% during the fourth quarter. Aperio Group LLC now owns 12,019 shares of the construction company’s stock worth $305,000 after buying an additional 2,108 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Tutor Perini during the fourth quarter worth about $341,000. Institutional investors and hedge funds own 85.31% of the company’s stock.
A number of equities analysts recently issued reports on the company. DA Davidson set a $38.00 price target on Tutor Perini and gave the stock a “buy” rating in a report on Monday. ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Zacks Investment Research lowered Tutor Perini from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. Alembic Global Advisors reissued a “buy” rating on shares of Tutor Perini in a report on Monday, March 5th. Finally, MKM Partners set a $27.00 price target on Tutor Perini and gave the stock a “buy” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Tutor Perini presently has a consensus rating of “Hold” and an average price target of $31.38.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.37 billion. Tutor Perini had a return on equity of 5.86% and a net margin of 3.12%. analysts expect that Tutor Perini will post 2.2 EPS for the current fiscal year.
In other news, major shareholder N. Tutor Separate Prope Ronald sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $22.26, for a total transaction of $1,113,000.00. Following the sale, the insider now owns 5,748,120 shares of the company’s stock, valued at approximately $127,953,151.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.70% of the stock is owned by insiders.
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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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.
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