EntryPoint Capital LLC Acquires 18,863 Shares of Tutor Perini Co. (NYSE:TPC)

EntryPoint Capital LLC lifted its stake in Tutor Perini Co. (NYSE:TPC - Free Report) by 106.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,662 shares of the construction company's stock after purchasing an additional 18,863 shares during the period. Tutor Perini accounts for approximately 0.4% of EntryPoint Capital LLC's holdings, making the stock its 7th largest holding. EntryPoint Capital LLC owned about 0.07% of Tutor Perini worth $887,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Tutor Perini by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company's stock worth $27,795,000 after buying an additional 38,458 shares during the last quarter. State Street Corp raised its position in shares of Tutor Perini by 2.0% in the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company's stock valued at $26,483,000 after acquiring an additional 19,518 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Tutor Perini by 129.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company's stock valued at $21,277,000 after purchasing an additional 441,858 shares during the period. Hennessy Advisors Inc. increased its stake in Tutor Perini by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company's stock valued at $16,528,000 after purchasing an additional 43,600 shares in the last quarter. Finally, Boston Partners increased its stake in Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock valued at $14,666,000 after purchasing an additional 573,608 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Tutor Perini Stock Down 2.5 %

Shares of NYSE:TPC traded down $0.61 during midday trading on Friday, reaching $23.57. 377,551 shares of the company were exchanged, compared to its average volume of 517,490. The firm has a market cap of $1.24 billion, a PE ratio of -9.39 and a beta of 1.73. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a fifty-two week low of $13.15 and a fifty-two week high of $34.55. The stock has a fifty day simple moving average of $24.41 and a two-hundred day simple moving average of $25.70.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TPC. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. Vertical Research began coverage on Tutor Perini in a research note on Tuesday, December 10th. They issued a "buy" rating and a $38.00 target price for the company. Finally, StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th.

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.