WINTON GROUP Ltd Increases Stock Holdings in Tutor Perini Co. (NYSE:TPC)

WINTON GROUP Ltd grew its holdings in Tutor Perini Co. (NYSE:TPC) by 39.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,708 shares of the construction company’s stock after acquiring an additional 10,609 shares during the quarter. WINTON GROUP Ltd’s holdings in Tutor Perini were worth $913,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in Tutor Perini by 298.0% in the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock worth $1,898,000 after purchasing an additional 52,319 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Tutor Perini by 611.0% during the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company’s stock worth $14,568,000 after buying an additional 460,945 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tutor Perini by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company’s stock valued at $27,795,000 after buying an additional 38,458 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company’s stock valued at $2,255,000 after acquiring an additional 37,478 shares during the period. Finally, State Street Corp raised its stake in Tutor Perini by 2.0% in the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company’s stock worth $26,483,000 after acquiring an additional 19,518 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

TPC has been the topic of a number of research reports. StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Vertical Research started coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective for the company.

Tutor Perini Stock Performance

Shares of TPC stock opened at $23.57 on Friday. Tutor Perini Co. has a 52-week low of $13.15 and a 52-week high of $34.55. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.24 billion, a PE ratio of -9.39 and a beta of 1.73. The business has a 50-day simple moving average of $24.41 and a 200-day simple moving average of $25.70.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the previous year, the firm posted ($0.91) earnings per share.

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.