Semanteon Capital Management LP Takes $217,000 Position in Tutor Perini Co. (NYSE:TPC)

Semanteon Capital Management LP acquired a new stake in shares of Tutor Perini Co. (NYSE:TPC) in the 4th quarter, HoldingsChannel reports. The fund acquired 23,847 shares of the construction company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Tutor Perini by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,247,947 shares of the construction company’s stock valued at $17,601,000 after acquiring an additional 38,910 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Tutor Perini by 9.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company’s stock valued at $13,291,000 after acquiring an additional 146,033 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Tutor Perini by 7.1% during the third quarter. Foundry Partners LLC now owns 754,290 shares of the construction company’s stock valued at $5,906,000 after acquiring an additional 50,095 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Tutor Perini during the fourth quarter valued at about $6,467,000. Finally, Westside Investment Management Inc. raised its stake in shares of Tutor Perini by 1.3% during the fourth quarter. Westside Investment Management Inc. now owns 425,090 shares of the construction company’s stock valued at $3,868,000 after acquiring an additional 5,625 shares during the last quarter. 65.01% of the stock is owned by institutional investors.

Tutor Perini Trading Up 27.9 %

Shares of NYSE TPC opened at $17.77 on Friday. Tutor Perini Co. has a fifty-two week low of $4.90 and a fifty-two week high of $17.95. The company has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $9.91. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.61.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative net margin of 2.56% and a negative return on equity of 7.99%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $951.50 million. On average, analysts forecast that Tutor Perini Co. will post 0.92 EPS for the current year.

Insider Buying and Selling at Tutor Perini

In related news, President Gary G. Smalley sold 20,303 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the sale, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the sale, the president now owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary G. Smalley sold 20,303 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the sale, the president now directly owns 160,507 shares of the company’s stock, valued at approximately $1,990,286.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,201 shares of company stock valued at $822,980. Corporate insiders own 19.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday.

Tutor Perini 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.