The Manufacturers Life Insurance Company Boosts Holdings in Tutor Perini Co. (NYSE:TPC)

The Manufacturers Life Insurance Company lifted its stake in Tutor Perini Co. (NYSE:TPC) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,874 shares of the construction company’s stock after buying an additional 571 shares during the period. The Manufacturers Life Insurance Company’s holdings in Tutor Perini were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TPC. CWM LLC grew its position in Tutor Perini by 142.8% during the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,008 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tutor Perini in the 2nd quarter worth $51,000. nVerses Capital LLC acquired a new stake in shares of Tutor Perini in the 2nd quarter worth $63,000. EntryPoint Capital LLC acquired a new stake in shares of Tutor Perini in the 1st quarter worth $77,000. Finally, Quest Partners LLC lifted its stake in shares of Tutor Perini by 537.2% in the 2nd quarter. Quest Partners LLC now owns 4,148 shares of the construction company’s stock worth $90,000 after acquiring an additional 3,497 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Up 3.6 %

TPC stock opened at $27.83 on Thursday. Tutor Perini Co. has a one year low of $6.85 and a one year high of $28.13. The stock has a market capitalization of $1.46 billion, a PE ratio of -13.64 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65. The company has a fifty day moving average of $23.87 and a 200-day moving average of $21.21.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.72) EPS. As a group, analysts expect that Tutor Perini Co. will post 1.12 EPS for the current year.

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.