Caxton Associates LP Makes New Investment in Tutor Perini Co. (NYSE:TPC)

Caxton Associates LP bought a new position in Tutor Perini Co. (NYSE:TPC – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 110,147 shares of the construction company’s stock, valued at approximately $967,000. Caxton Associates LP owned about 0.21% of Tutor Perini at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TPC. Mirae Asset Global Investments Co. Ltd. increased its position in Tutor Perini by 60.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,273,762 shares of the construction company’s stock worth $13,757,000 after buying an additional 477,721 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Tutor Perini by 12.8% in the second quarter. Donald Smith & CO. Inc. now owns 2,980,230 shares of the construction company’s stock worth $26,166,000 after buying an additional 337,055 shares during the last quarter. BlackRock Inc. grew its position in shares of Tutor Perini by 7.8% in the first quarter. BlackRock Inc. now owns 4,333,989 shares of the construction company’s stock valued at $46,806,000 after purchasing an additional 312,568 shares in the last quarter. State Street Corp grew its position in shares of Tutor Perini by 35.6% in the first quarter. State Street Corp now owns 1,081,264 shares of the construction company’s stock valued at $11,678,000 after purchasing an additional 284,007 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Tutor Perini by 323.2% in the second quarter. AQR Capital Management LLC now owns 321,919 shares of the construction company’s stock valued at $2,826,000 after purchasing an additional 245,848 shares in the last quarter. 66.38% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Up 3.0 %

Tutor Perini stock opened at $7.66 on Friday. Tutor Perini Co. has a 52 week low of $5.40 and a 52 week high of $13.45. The business has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $7.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.91 and a current ratio of 1.91.

Tutor Perini (NYSE:TPC – Get Rating) last posted its earnings results on Wednesday, November 2nd. The construction company reported ($0.63) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.64). Tutor Perini had a negative return on equity of 5.48% and a negative net margin of 2.24%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $897.40 million. As a group, sell-side analysts predict that Tutor Perini Co. will post -2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TPC. StockNews.com began coverage on Tutor Perini in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. DA Davidson reduced their price target on Tutor Perini to $14.00 in a research report on Monday, August 15th. Finally, B. Riley lifted their price target on Tutor Perini from $9.00 to $10.00 in a research report on Thursday, November 3rd.

Tutor Perini Profile

(Get Rating)

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities.