Tutor Perini Co. (NYSE:TPC) Shares Sold by Caxton Associates LP

Caxton Associates LP trimmed its position in Tutor Perini Co. (NYSE:TPC) by 58.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,883 shares of the construction company’s stock after selling 30,703 shares during the period. Caxton Associates LP’s holdings in Tutor Perini were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of Tutor Perini by 17.3% in the 1st quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock valued at $3,166,000 after acquiring an additional 32,325 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Tutor Perini by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,992,319 shares of the construction company’s stock valued at $18,130,000 after acquiring an additional 53,927 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Tutor Perini in the 4th quarter valued at $6,467,000. Donald Smith & CO. Inc. increased its position in shares of Tutor Perini by 20.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock valued at $35,489,000 after acquiring an additional 659,657 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Tutor Perini by 77.8% in the first quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock valued at $2,194,000 after purchasing an additional 66,408 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ghassan Ariqat sold 11,855 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $19.62, for a total transaction of $232,595.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tutor Perini news, EVP Ghassan Ariqat sold 11,855 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $19.62, for a total value of $232,595.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Klein sold 181,155 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $19.99, for a total transaction of $3,621,288.45. Following the completion of the transaction, the director now directly owns 208,976 shares of the company’s stock, valued at approximately $4,177,430.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,728 shares of company stock valued at $4,870,217. Company insiders own 19.50% of the company’s stock.

Tutor Perini Price Performance

TPC stock traded down $0.51 during mid-day trading on Tuesday, reaching $24.50. The company’s stock had a trading volume of 184,843 shares, compared to its average volume of 445,901. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. Tutor Perini Co. has a fifty-two week low of $6.59 and a fifty-two week high of $26.88. The company’s 50 day moving average is $22.14 and its two-hundred day moving average is $16.04.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group raised shares of Tutor Perini from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $27.00 in a report on Friday, June 14th. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

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.