Tutor Perini Co. (NYSE:TPC) Short Interest Up 18.1% in March

Tutor Perini Co. (NYSE:TPC - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,370,000 shares, a growth of 18.1% from the March 15th total of 1,160,000 shares. Based on an average daily volume of 612,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th.

Tutor Perini Price Performance

Shares of NYSE TPC traded up $0.66 during mid-day trading on Friday, hitting $21.91. 222,933 shares of the stock traded hands, compared to its average volume of 534,492. Tutor Perini has a twelve month low of $13.56 and a twelve month high of $34.55. The firm has a 50 day simple moving average of $23.21 and a two-hundred day simple moving average of $25.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $1.15 billion, a PE ratio of -8.73 and a beta of 1.47.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted ($0.91) EPS.

Hedge Funds Weigh In On Tutor Perini

A number of hedge funds have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its stake in Tutor Perini by 5.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company's stock valued at $83,496,000 after acquiring an additional 179,819 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tutor Perini by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company's stock worth $68,373,000 after purchasing an additional 170,440 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tutor Perini by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,726,545 shares of the construction company's stock valued at $65,982,000 after buying an additional 148,425 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of Tutor Perini by 91.9% during the 4th quarter. Fred Alger Management LLC now owns 1,133,014 shares of the construction company's stock worth $27,419,000 after buying an additional 542,647 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Tutor Perini by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company's stock valued at $27,795,000 after purchasing an additional 38,458 shares during the period. Institutional investors and hedge funds own 65.01% of the company's stock.

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.