Tutor Perini Co. (NYSE:TPC) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC decreased its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,620 shares of the construction company's stock after selling 22,280 shares during the period. Tutor Perini accounts for approximately 0.8% of Verus Capital Partners LLC's holdings, making the stock its 24th biggest holding. Verus Capital Partners LLC owned about 0.62% of Tutor Perini worth $8,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPC. CWM LLC increased its holdings in shares of Tutor Perini by 142.8% in the second quarter. CWM LLC now owns 1,714 shares of the construction company's stock valued at $37,000 after purchasing an additional 1,008 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Tutor Perini during the second quarter worth $51,000. nVerses Capital LLC bought a new stake in Tutor Perini in the second quarter valued at approximately $63,000. EntryPoint Capital LLC acquired a new position in shares of Tutor Perini in the 1st quarter valued at about $77,000. Finally, Quest Partners LLC boosted its stake in Tutor Perini by 537.2% during the second quarter. Quest Partners LLC now owns 4,148 shares of the construction company's stock worth $90,000 after acquiring an additional 3,497 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. UBS Group upped their price target on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, B. Riley boosted their price objective on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Tutor Perini Stock Performance

NYSE:TPC traded down $1.41 during mid-day trading on Tuesday, hitting $29.23. 482,127 shares of the company traded hands, compared to its average volume of 450,019. The stock's fifty day moving average price is $26.21 and its 200-day moving average price is $23.00. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -12.19 and a beta of 1.50. The company has a quick ratio of 1.65, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a one year low of $7.22 and a one year high of $34.55.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.89) by ($0.03). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company earned ($0.71) earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that Tutor Perini Co. will post -1.47 earnings per share for the current fiscal year.

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.