Tutor Perini Co. (NYSE:TPC) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC raised its stake in shares of Tutor Perini Co. (NYSE:TPC) by 106.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,662 shares of the construction company’s stock after buying an additional 18,863 shares during the period. Tutor Perini makes up 0.4% of EntryPoint Capital LLC’s portfolio, making the stock its 7th biggest position. EntryPoint Capital LLC’s holdings in Tutor Perini were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its holdings in Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Tutor Perini in the 3rd quarter worth $201,000. EP Wealth Advisors LLC bought a new stake in shares of Tutor Perini in the 3rd quarter worth $234,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Tutor Perini in the fourth quarter valued at $232,000. Finally, Commonwealth Equity Services LLC boosted its stake in Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock valued at $249,000 after buying an additional 700 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TPC has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Vertical Research began coverage on Tutor Perini in a report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price target on the stock.

Tutor Perini Price Performance

NYSE TPC opened at $25.38 on Tuesday. Tutor Perini Co. has a 1 year low of $13.15 and a 1 year high of $34.55. The stock’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $25.65. The company has a market cap of $1.33 billion, a PE ratio of -10.11 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) 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 analyst estimates of $1.08 billion. During the same period in the prior year, the business posted ($0.91) EPS.

Tutor Perini Company 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.