Tutor Perini Co. (NYSE:TPC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 67.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,724 shares of the construction company's stock after selling 115,075 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Tutor Perini worth $1,513,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CWM LLC raised its holdings in Tutor Perini by 142.8% in the 2nd quarter. CWM LLC now owns 1,714 shares of the construction company's stock valued at $37,000 after buying an additional 1,008 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Tutor Perini in the 2nd quarter worth approximately $51,000. nVerses Capital LLC purchased a new position in shares of Tutor Perini during the 2nd quarter worth approximately $63,000. USA Financial Formulas increased its holdings in Tutor Perini by 19.6% in the 3rd quarter. USA Financial Formulas now owns 3,451 shares of the construction company's stock valued at $94,000 after purchasing an additional 566 shares during the last quarter. Finally, Quest Partners LLC raised its position in Tutor Perini by 537.2% in the second quarter. Quest Partners LLC now owns 4,148 shares of the construction company's stock valued at $90,000 after purchasing an additional 3,497 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

Tutor Perini Stock Up 1.5 %

TPC stock traded up $0.39 during midday trading on Friday, hitting $26.31. The company's stock had a trading volume of 404,804 shares, compared to its average volume of 371,158. The firm has a 50-day simple moving average of $25.46 and a 200-day simple moving average of $22.20. The firm has a market capitalization of $1.38 billion, a P/E ratio of -20.24 and a beta of 1.50. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. Tutor Perini Co. has a 52-week low of $6.86 and a 52-week high of $30.99.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.72) earnings per share. As a group, equities analysts forecast that Tutor Perini Co. will post -1 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. UBS Group raised their target price on Tutor Perini from $27.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd.

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.