Tutor Perini Co. (NYSE:TPC) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tutor Perini Co. (NYSE:TPC) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 60,331 shares of the construction company’s stock after purchasing an additional 4,070 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tutor Perini were worth $1,639,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Foundry Partners LLC grew its position in Tutor Perini by 18.2% in the 3rd quarter. Foundry Partners LLC now owns 216,915 shares of the construction company’s stock valued at $5,891,000 after buying an additional 33,440 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Tutor Perini in the 2nd quarter worth approximately $746,000. Empowered Funds LLC boosted its holdings in shares of Tutor Perini by 13.9% in the third quarter. Empowered Funds LLC now owns 268,521 shares of the construction company’s stock valued at $7,293,000 after acquiring an additional 32,676 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Tutor Perini during the second quarter valued at approximately $482,000. Finally, Caxton Associates LP raised its holdings in Tutor Perini by 254.0% during the second quarter. Caxton Associates LP now owns 77,466 shares of the construction company’s stock worth $1,687,000 after purchasing an additional 55,583 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TPC. B. Riley lifted their price target on Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group raised their target price on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Vertical Research initiated coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, StockNews.com upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Monday.

Tutor Perini Stock Performance

TPC opened at $26.47 on Tuesday. 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 firm has a market cap of $1.39 billion, a PE ratio of -10.55 and a beta of 1.49. The business has a fifty day simple moving average of $27.66 and a 200-day simple moving average of $24.44. Tutor Perini Co. has a fifty-two week low of $7.83 and a fifty-two week high of $34.55.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.89) by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.71) earnings per share. As a group, equities analysts predict that Tutor Perini Co. will post -1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tutor Perini news, CEO Ronald N. Tutor sold 125,000 shares of Tutor Perini stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the transaction, the chief executive officer now directly owns 3,257,313 shares in the company, valued at approximately $100,064,655.36. The trade was a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond R. Oneglia sold 50,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.68, for a total value of $1,434,000.00. Following the completion of the sale, the director now owns 250,000 shares of the company’s stock, valued at $7,170,000. The trade was a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 325,000 shares of company stock worth $9,686,000 over the last ninety days. 19.50% of the stock is currently owned by company insiders.

Tutor Perini 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.