Metropolitan Life Insurance Co. NY Has $857,000 Position in Tutor Perini Corporation (NYSE:TPC)

Metropolitan Life Insurance Co. NY lowered its stake in Tutor Perini Corporation (NYSE:TPC) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,937 shares of the construction company’s stock after selling 943 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Tutor Perini Corporation worth $857,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners increased its stake in Tutor Perini Corporation by 35.2% in the first quarter. Boston Partners now owns 1,514,145 shares of the construction company’s stock worth $48,150,000 after buying an additional 394,148 shares during the period. Cortina Asset Management LLC increased its stake in Tutor Perini Corporation by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock worth $19,375,000 after buying an additional 367,904 shares during the period. Daiwa Securities Group Inc. increased its stake in Tutor Perini Corporation by 3,626.1% in the first quarter. Daiwa Securities Group Inc. now owns 257,100 shares of the construction company’s stock worth $8,176,000 after buying an additional 250,200 shares during the period. Opus Capital Group LLC acquired a new stake in Tutor Perini Corporation during the first quarter worth about $7,619,000. Finally, Vanguard Group Inc. increased its stake in Tutor Perini Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock worth $102,918,000 after buying an additional 229,127 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Shares of Tutor Perini Corporation (NYSE TPC) opened at 24.15 on Friday. Tutor Perini Corporation has a 12 month low of $18.05 and a 12 month high of $33.00. The firm has a market cap of $1.20 billion, a P/E ratio of 11.87 and a beta of 2.42. The firm has a 50-day moving average of $27.47 and a 200 day moving average of $28.70.

Tutor Perini Corporation (NYSE:TPC) last released its quarterly earnings data on Monday, August 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. Tutor Perini Corporation’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Tutor Perini Corporation will post $2.27 EPS for the current fiscal year.

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A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Tutor Perini Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.29.

About Tutor Perini Corporation

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Institutional Ownership by Quarter for Tutor Perini Corporation (NYSE:TPC)

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