Quest Partners LLC Increases Stake in Tutor Perini Co. (NYSE:TPC)

Quest Partners LLC boosted its stake in Tutor Perini Co. (NYSE:TPC) by 537.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,148 shares of the construction company’s stock after buying an additional 3,497 shares during the period. Quest Partners LLC’s holdings in Tutor Perini were worth $90,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its stake 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 valued at $11,742,000 after purchasing an additional 246,901 shares during the period. Arizona State Retirement System purchased a new position in Tutor Perini during the second quarter valued at $270,000. Rhumbline Advisers boosted its holdings in shares of Tutor Perini by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 84,385 shares of the construction company’s stock valued at $1,838,000 after buying an additional 2,534 shares in the last quarter. Verus Capital Partners LLC grew its position in shares of Tutor Perini by 61.9% in the 2nd quarter. Verus Capital Partners LLC now owns 345,900 shares of the construction company’s stock worth $7,534,000 after buying an additional 132,200 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Tutor Perini in the 2nd quarter worth about $63,000. 65.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Tutor Perini Trading Up 0.7 %

NYSE TPC opened at $24.10 on Wednesday. The stock’s fifty day moving average price is $22.48 and its 200-day moving average price is $19.20. 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 has a market cap of $1.26 billion, a P/E ratio of -11.81 and a beta of 1.51. Tutor Perini Co. has a 12 month low of $6.85 and a 12 month high of $26.88.

Tutor Perini (NYSE:TPC) last issued its earnings results 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). Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted ($0.72) earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that Tutor Perini Co. will post 1.12 EPS for the current fiscal year.

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.