Cwm LLC Has $143,000 Stock Position in Tutor Perini Corporation $TPC

Cwm LLC reduced its stake in Tutor Perini Corporation (NYSE:TPC) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,056 shares of the construction company’s stock after selling 386 shares during the quarter. Cwm LLC’s holdings in Tutor Perini were worth $143,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Tutor Perini by 32.5% during the 1st quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company’s stock worth $48,000 after acquiring an additional 510 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Tutor Perini in the first quarter valued at approximately $54,000. Comerica Bank lifted its position in shares of Tutor Perini by 30.7% in the first quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Tutor Perini during the second quarter worth $145,000. Finally, AlphaQuest LLC boosted its holdings in Tutor Perini by 849.2% during the first quarter. AlphaQuest LLC now owns 3,436 shares of the construction company’s stock worth $80,000 after purchasing an additional 3,074 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Sidney J. Feltenstein sold 124,668 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $65.96, for a total transaction of $8,223,101.28. Following the completion of the sale, the director owned 187,274 shares of the company’s stock, valued at approximately $12,352,593.04. This represents a 39.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Ronald N. Tutor sold 83,144 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.94, for a total transaction of $5,399,371.36. Following the completion of the transaction, the chairman directly owned 4,062,985 shares of the company’s stock, valued at $263,850,245.90. This trade represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 725,000 shares of company stock valued at $44,824,931. 17.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TPC has been the topic of several analyst reports. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 11th. B. Riley lifted their target price on Tutor Perini from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Zacks Research cut Tutor Perini from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. UBS Group increased their price target on Tutor Perini from $59.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Tutor Perini in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Tutor Perini presently has an average rating of “Hold” and a consensus target price of $60.00.

Tutor Perini Trading Down 2.4%

Shares of Tutor Perini stock opened at $67.65 on Friday. The firm has a 50-day moving average of $63.42 and a 200-day moving average of $48.18. The stock has a market cap of $3.57 billion, a PE ratio of -26.85 and a beta of 1.86. Tutor Perini Corporation has a 52-week low of $18.33 and a 52-week high of $71.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.32 and a current ratio of 1.32.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $1.12. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company posted $0.02 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last 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.