Short Interest in Tutor Perini Co. (NYSE:TPC) Grows By 32.2%

Tutor Perini Co. (NYSE:TPC - Get Free Report) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,520,000 shares, an increase of 32.2% from the January 31st total of 1,150,000 shares. Based on an average daily trading volume, of 519,100 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.5% of the company's shares are sold short.

Institutional Trading of Tutor Perini

Hedge funds and other institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new stake in Tutor Perini in the third quarter worth $52,000. FMR LLC increased its stake in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after buying an additional 2,399 shares during the period. State of Wyoming increased its stake in shares of Tutor Perini by 39.7% during the fourth quarter. State of Wyoming now owns 6,212 shares of the construction company's stock valued at $150,000 after buying an additional 1,764 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Tutor Perini during the third quarter valued at $201,000. Finally, Optimize Financial Inc purchased a new position in shares of Tutor Perini during the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

Tutor Perini Trading Up 1.5 %

TPC stock traded up $0.40 during midday trading on Friday, reaching $26.65. The company's stock had a trading volume of 583,346 shares, compared to its average volume of 495,318. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a fifty day simple moving average of $24.17 and a two-hundred day simple moving average of $25.42. Tutor Perini has a 1 year low of $12.10 and a 1 year high of $34.55. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -10.62 and a beta of 1.52.

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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 return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business earned ($0.91) EPS.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com downgraded Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Vertical Research assumed coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a "buy" rating and a $38.00 price target for the company.

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.