What’s in Tutor Perini Corp After Today’s Bearish Options Activity?


 What's in Tutor Perini Corp After Today's Bearish Options Activity?

In today’s session Tutor Perini Corp (TPC) recorded an unusually high (552) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious TPC decrease. With 552 contracts traded and 1004 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: TPC161021P00020000 closed last at: $0.8 or 128.6% up. About 110,040 shares traded hands. Tutor Perini Corp (NYSE:TPC) has risen 35.47% since March 7, 2016 and is uptrending. It has outperformed by 27.88% the S&P500.

Analysts await Tutor Perini Corp (NYSE:TPC) to report earnings on November, 11. They expect $0.71 EPS, up 4.41% or $0.03 from last year’s $0.68 per share. TPC’s profit will be $35.70M for 7.56 P/E if the $0.71 EPS becomes a reality. After $0.43 actual EPS reported by Tutor Perini Corp for the previous quarter, Wall Street now forecasts 65.12% EPS growth.

Tutor Perini Corp (NYSE:TPC) Ratings Coverage

Out of 6 analysts covering Tutor Perini Corp (NYSE:TPC), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $30 is the highest target while $26 is the lowest. The $27.33 average target is 27.23% above today’s ($21.48) stock price. Tutor Perini Corp has been the topic of 10 analyst reports since August 8, 2015 according to StockzIntelligence Inc. M Partners upgraded the stock to “Buy” rating in Wednesday, August 24 report. The firm has “Buy” rating by Standpoint Research given on Monday, April 11. The stock of Tutor Perini Corp (NYSE:TPC) has “Hold” rating given on Tuesday, May 24 by Standpoint Research. M Partners initiated the shares of TPC in a report on Wednesday, June 29 with “Neutral” rating. The stock of Tutor Perini Corp (NYSE:TPC) has “Hold” rating given on Wednesday, December 9 by Stifel Nicolaus. The stock of Tutor Perini Corp (NYSE:TPC) has “Outperform” rating given on Thursday, June 30 by FBR Capital. The firm earned “Buy” rating on Monday, January 25 by Sidoti. The stock of Tutor Perini Corp (NYSE:TPC) earned “Buy” rating by Standpoint Research on Monday, October 3.

According to Zacks Investment Research, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations.”

Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.03, from 1.49 in 2016Q1. The ratio increased, as 17 funds sold all Tutor Perini Corp shares owned while 39 reduced positions. 34 funds bought stakes while 51 increased positions. They now own 39.94 million shares or 10.95% more from 36.00 million shares in 2016Q1.
Deutsche Comml Bank Ag, a Germany-based fund reported 121,243 shares. Acadian Asset Mgmt Limited Company last reported 22,666 shares in the company. Clearbridge Invs Lc last reported 165,668 shares in the company. The New York-based Citigroup has invested 0% in Tutor Perini Corp (NYSE:TPC). The Illinois-based Castleark Management Ltd Llc has invested 0.2% in Tutor Perini Corp (NYSE:TPC). Signia Cap Mngmt Ltd holds 38,294 shares or 2.86% of its portfolio. Afam holds 0.85% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 219,472 shares. Bridgeway Capital Mngmt holds 0.04% of its portfolio in Tutor Perini Corp (NYSE:TPC) for 104,400 shares. California Public Employees Retirement System has 137,700 shares for 0.01% of their US portfolio. Raymond James & has 0% invested in the company for 15,290 shares. Manufacturers Life Ins The reported 26,022 shares or 0% of all its holdings. Retail Bank Of America De, a North Carolina-based fund reported 247,455 shares. Menta Ltd Liability holds 0.1% or 29,916 shares in its portfolio. Moreover, Goldman Sachs Inc has 0% invested in Tutor Perini Corp (NYSE:TPC) for 135,742 shares. Moreover, Art Advisors Ltd Liability Co has 0.03% invested in Tutor Perini Corp (NYSE:TPC) for 26,628 shares.

Tutor Perini Corporation, formerly Perini Corporation, is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies. The company has a market cap of $1.08 billion. The Firm operates through three divisions. It has a 16.34 P/E ratio. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

TPC Company Profile

Tutor Perini Corporation, formerly Perini Corporation, incorporated on January 5, 1918, is a construction firm offering general contracting, construction management and design-build services to private clients and public agencies across the world. The Firm operates through three divisions: Civil, Building and Specialty Contractors. The Firm offers general contracting, pre-construction planning and project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. It also offers self-performed construction services, including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing, and heating, ventilation and air conditioning (HVAC).

More recent Tutor Perini Corp (NYSE:TPC) news were published by: Valuewalk.com which released: “Muddy Waters On Tutor Perini Corp – Big Projects, Bigger Ego, No Cash Flow …” on October 06, 2016. Also Seekingalpha.com published the news titled: “Tutor Perini Corp. (TPC) CEO Ronald Tutor on Q1 2016 Results – Earnings Call …” on May 05, 2016. Bloomberg.com‘s news article titled: “Muddy Waters’ Block Says He’s Short Builder Tutor Perini” with publication date: October 06, 2016 was also an interesting one.

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