Tutor Perini Co. (NYSE:TPC) Short Interest Update

Tutor Perini Co. (NYSE:TPC) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,160,000 shares, a decline of 14.7% from the February 28th total of 1,360,000 shares. Based on an average daily volume of 601,600 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.7% of the company’s shares are sold short.

Tutor Perini Stock Up 2.0 %

TPC traded up $0.46 during trading hours on Wednesday, reaching $23.64. 95,092 shares of the stock traded hands, compared to its average volume of 516,772. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s fifty day simple moving average is $24.28 and its two-hundred day simple moving average is $25.71. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -9.42 and a beta of 1.47. Tutor Perini has a fifty-two week low of $13.15 and a fifty-two week high of $34.55.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate of $0.29 by ($1.80). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter last year, the firm posted ($0.91) EPS.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Vertical Research began coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price target on the stock. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, B. Riley upgraded Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

Hedge Funds Weigh In On Tutor Perini

Large investors have recently modified their holdings of the stock. FMR LLC raised its stake in Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after buying an additional 2,399 shares in the last quarter. State of Wyoming lifted its position in shares of Tutor Perini by 39.7% in the 4th quarter. State of Wyoming now owns 6,212 shares of the construction company’s stock worth $150,000 after buying an additional 1,764 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Tutor Perini in the 3rd quarter valued at about $201,000. Optimize Financial Inc bought a new stake in shares of Tutor Perini during the 4th quarter valued at about $221,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tutor Perini during the fourth quarter worth about $232,000. Institutional investors own 65.01% of the company’s stock.

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.