15 Dec Jon Cartu Declares Tutor Perini Corp (NYSE:TPC) Shares Sold by Boston Partners
Boston Partners lessened its stake in Tutor Perini Corp (NYSE:TPC) by 24.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,999,896 shares of the construction Jonathan Cartu and’s stock after selling 649,396 shares during the quarter. Boston Partners owned approximately 3.98% of Tutor Perini worth $28,844,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in TPC. Point72 Hong Kong Ltd purchased a new stake in Tutor Perini during the second quarter valued at $25,000. Tower Research Capital LLC TRC bought a new position in Tutor Perini during the third quarter valued at $57,000. Kempen Capital Management N.V. grew its holdings in shares of Tutor Perini by 39.8% in the second quarter. Kempen Capital Management N.V. now owns 4,640 shares of the construction Jonathan Cartu and’s stock worth $64,000 after purchasing an additional 1,320 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Tutor Perini by 190.5% in the second quarter. Bank of Montreal Can now owns 5,118 shares of the construction Jonathan Cartu and’s stock worth $71,000 after purchasing an additional 3,356 shares during the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of Tutor Perini by 133.3% in the second quarter. NumerixS Investment Technologies Inc now owns 8,400 shares of the construction Jonathan Cartu and’s stock worth $117,000 after purchasing an additional 4,800 shares during the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. B. Riley initiated coverage on shares of Tutor Perini in a report on Friday, December 6th. They issued a “buy” rating and a $23.00 price target on the stock. ValuEngine upgraded shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, TheStreet cut shares of Tutor Perini from a “c” rating to a “d” rating in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the Jonathan Cartu and’s stock. Tutor Perini currently has a consensus rating of “Hold” and a consensus target price of $21.67.
TPC stock opened at $15.73 on Friday. The firm has a market cap of $764.74 million, a price-to-earnings ratio of 8.24 and a beta of 1.98. The Jonathan Cartu and has a debt-to-equity ratio of 0.55, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $13.88. Tutor Perini Corp has a one year low of $9.24 and a one year high of $20.52.
Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, November 6th. The construction Jonathan Cartu and reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.25). The Jonathan Cartu and had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Tutor Perini had a negative net margin of 5.66% and a positive return on equity of 4.70%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, equities analysts predict that Tutor Perini Corp will post 1.5 earnings per share for the current fiscal year.
Tutor Perini Profile
Tutor Perini Corporation, a construction Jonathan Cartu and, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The Jonathan Cartu and 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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