Element Capital Management adds Tutor Perini Corp (TPC) to its portfolio

Tutor Perini Corp (TPC) : Element Capital Management added new position in Tutor Perini Corp during the most recent quarter end. The investment management firm now holds 138,994 shares of Tutor Perini Corp which is valued at $3,277,479 , the company said in a statement filed on Aug 15, 2016 with the SEC.Tutor Perini Corp makes up approximately 0.43% of Element Capital Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in TPC in the latest quarter, The investment management firm added 1,377 additional shares and now holds a total of 7,977 shares of Tutor Perini Corp which is valued at $188,098. Cornerstone Capital Management Holdings. sold out all of its stake in TPC during the most recent quarter. The investment firm sold 34,250 shares of TPC which is valued $807,615. Coe Capital Management added TPC to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $235,800. Tutor Perini Corp makes up approx 0.07% of Coe Capital Management’s portfolio.Alliancebernstein boosted its stake in TPC in the latest quarter, The investment management firm added 2,067,526 additional shares and now holds a total of 2,118,507 shares of Tutor Perini Corp which is valued at $49,954,395. Tutor Perini Corp makes up approx 0.04% of Alliancebernstein’s portfolio. Meeder Asset Management Inc added TPC to its portfolio by purchasing 12,302 company shares during the most recent quarter which is valued at $302,137. Tutor Perini Corp makes up approx 0.03% of Meeder Asset Management Inc’s portfolio.

Tutor Perini Corp (TPC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $23.24 and reached the intraday high at $23.53. The bulls started the profit booking and pushed the shares to intraday low of $22.96. The trading session was marked by a volume range of 3,30,489 shares exchanging hands. The 52-week high of the shares is $25.98 and the 52-week low is $10.16. The market cap of the company stands at $1,140 M and there are 4,91,69,813 shares in public circulation.

On the company’s financial health, Tutor Perini Corp reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.51. The company had revenue of $1308.13 million for the quarter, compared to analysts expectations of $1401.88 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Tutor Perini Corp. Company shares were Upgraded by MKM Partners on Aug 24, 2016 to ” Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $23 .Company shares were Reiterated by FBR Capital on Jun 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .Tutor Perini Corp was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.

Tutor Perini Corporation is a construction company engaged in providing general contracting construction management and design-build services to private customers and public agencies. The Company operates through three segments: Civil Building and Specialty Contractors. The Civil segment focuses on public works construction and the repair replacement and reconstruction of infrastructure including highways bridges mass transit systems and water management and wastewater treatment facilities. Its Building segment provides services to various specialized building markets including the hospitality and gaming transportation healthcare municipal offices sports and entertainment educational and correctional facilities among others. Its Specialty Contractors segment provides electrical mechanical plumbing HVAC fire protection systems and pneumatically placed concrete for a range of civil and building construction projects.

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