Towle Co buys $20.4 Million stake in Tutor Perini Corp (TPC)

Tutor Perini Corp (TPC) : Towle Co scooped up 180,968 additional shares in Tutor Perini Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 995,755 shares of Tutor Perini Corp which is valued at $20.4 Million.Tutor Perini Corp makes up approximately 3.88% of Towle Co’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in TPC in the latest quarter, The investment management firm added 1,221 additional shares and now holds a total of 4,803 shares of Tutor Perini Corp which is valued at $98,317. Tfs Capital sold out all of its stake in TPC during the most recent quarter. The investment firm sold 107,322 shares of TPC which is valued $2.2 Million. Nisa Investment Advisors L.l.c. added TPC to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $12,656.Quantbot Technologies Lp boosted its stake in TPC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 5,500 shares of Tutor Perini Corp which is valued at $87,010. Tutor Perini Corp makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.

Tutor Perini Corp opened for trading at $20.7 and hit $21.44 on the upside on Monday, eventually ending the session at $21.2, with a gain of 3.57% or 0.73 points. The heightened volatility saw the trading volume jump to 4,02,882 shares. Company has a market cap of $1,040 M.

On the company’s financial health, Tutor Perini Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.18. The company had revenue of $1085.36 million for the quarter, compared to analysts expectations of $1141.22 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Tutor Perini Corp. Company shares were Reiterated by FBR Capital on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $18 .Canaccord Genuity Initiated Tutor Perini Corp on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $18.Standpoint Research Initiated Tutor Perini Corp on Apr 11, 2016 to “Buy”, Price Target of the shares are set at $22.

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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