ClariVest Asset Management LLC Boosts Stake in Tutor Perini Corporation (TPC)

ClariVest Asset Management LLC increased its position in Tutor Perini Corporation (NYSE:TPC) by 29.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 302,545 shares of the construction company’s stock after buying an additional 68,300 shares during the period. ClariVest Asset Management LLC’s holdings in Tutor Perini Corporation were worth $8,697,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TPC. KAMES CAPITAL plc boosted its stake in shares of Tutor Perini Corporation by 0.9% in the second quarter. KAMES CAPITAL plc now owns 23,390 shares of the construction company’s stock worth $671,000 after buying an additional 210 shares during the last quarter. Airain ltd boosted its stake in shares of Tutor Perini Corporation by 3.2% in the first quarter. Airain ltd now owns 10,091 shares of the construction company’s stock worth $321,000 after buying an additional 313 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Tutor Perini Corporation by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,516 shares of the construction company’s stock worth $144,000 after buying an additional 340 shares during the last quarter. Falcon Point Capital LLC boosted its stake in shares of Tutor Perini Corporation by 0.7% in the second quarter. Falcon Point Capital LLC now owns 62,159 shares of the construction company’s stock worth $1,787,000 after buying an additional 447 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Tutor Perini Corporation by 7.1% in the second quarter. Aperio Group LLC now owns 10,722 shares of the construction company’s stock worth $308,000 after buying an additional 715 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Shares of Tutor Perini Corporation (TPC) opened at 25.95 on Monday. The company has a 50-day moving average price of $27.88 and a 200 day moving average price of $28.91. The firm has a market capitalization of $1.29 billion, a PE ratio of 12.76 and a beta of 2.42. Tutor Perini Corporation has a 52-week low of $18.05 and a 52-week high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last released its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Analysts expect that Tutor Perini Corporation will post $2.26 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ClariVest Asset Management LLC Boosts Stake in Tutor Perini Corporation (TPC)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/14/clarivest-asset-management-llc-boosts-stake-in-tutor-perini-corporation-tpc.html.

A number of analysts have recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd. BidaskClub cut Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.29.

Tutor Perini Corporation Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Want to see what other hedge funds are holding TPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tutor Perini Corporation (NYSE:TPC).

Institutional Ownership by Quarter for Tutor Perini Corporation (NYSE:TPC)

What are top analysts saying about Tutor Perini Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tutor Perini Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit