WINTON GROUP Ltd Buys 10,609 Shares of Tutor Perini Co. (NYSE:TPC)

WINTON GROUP Ltd grew its stake in Tutor Perini Co. (NYSE:TPC) by 39.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,708 shares of the construction company’s stock after purchasing an additional 10,609 shares during the period. WINTON GROUP Ltd owned approximately 0.07% of Tutor Perini worth $913,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on TPC shares. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Vertical Research initiated coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, B. Riley upgraded Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th.

Tutor Perini Stock Down 2.5 %

Shares of NYSE TPC 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 firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.39 and a beta of 1.73. The stock has a 50 day moving average price of $24.41 and a 200 day moving average price of $25.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55.

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