Tutor Perini Co. (NYSE:TPC) Short Interest Update

Tutor Perini Co. (NYSE:TPC - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,160,000 shares, a decline of 14.7% from the February 28th total of 1,360,000 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 601,600 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Vertical Research assumed coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They set a "buy" rating and a $38.00 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPC. Donald Smith & CO. Inc. lifted its stake in Tutor Perini by 5.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company's stock worth $83,496,000 after purchasing an additional 179,819 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tutor Perini by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company's stock worth $68,373,000 after buying an additional 170,440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 in the last quarter. Fred Alger Management LLC grew its position in shares of Tutor Perini by 91.9% in the 4th quarter. Fred Alger Management LLC now owns 1,133,014 shares of the construction company's stock valued at $27,419,000 after buying an additional 542,647 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Tutor Perini by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company's stock worth $27,795,000 after acquiring an additional 38,458 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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Tutor Perini Stock Down 5.6 %

TPC stock traded down $1.21 during mid-day trading on Friday, reaching $20.42. The company had a trading volume of 792,677 shares, compared to its average volume of 518,490. The firm has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $25.65. 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 company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -8.13 and a beta of 1.47. Tutor Perini has a fifty-two week low of $13.15 and a fifty-two week high of $34.55.

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 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 firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the firm earned ($0.91) EPS.

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.