Renaissance Technologies LLC Purchases 27,100 Shares of Tutor Perini Co. (NYSE:TPC)

Renaissance Technologies LLC increased its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,080 shares of the construction company's stock after buying an additional 27,100 shares during the quarter. Renaissance Technologies LLC owned 1.19% of Tutor Perini worth $15,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Tutor Perini by 103.1% during the 3rd 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. Y Intercept Hong Kong Ltd purchased a new position in Tutor Perini in the third quarter valued at about $201,000. KLP Kapitalforvaltning AS acquired a new position in Tutor Perini in the 4th quarter worth about $232,000. Commonwealth Equity Services LLC raised its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after purchasing an additional 700 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Tutor Perini by 46.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,581 shares of the construction company's stock valued at $353,000 after buying an additional 4,649 shares during the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. B. Riley raised Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Stock Performance

Shares of NYSE TPC traded down $0.63 during trading hours on Friday, hitting $21.12. 1,513,546 shares of the company's stock were exchanged, compared to its average volume of 530,641. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.41 and a beta of 1.47. The company's 50-day moving average price is $23.45 and its 200-day moving average price is $25.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly 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). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter in the prior year, the firm earned ($0.91) EPS.

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.