Tutor Perini Corp (TPC) Holdings Raised by Boston Partners

Boston Partners boosted its stake in shares of Tutor Perini Corp (NYSE:TPC) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,466,012 shares of the construction company’s stock after purchasing an additional 177,580 shares during the quarter. Boston Partners’ holdings in Tutor Perini were worth $62,513,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Tutor Perini during the third quarter worth approximately $135,000. Victory Capital Management Inc. lifted its holdings in shares of Tutor Perini by 119.4% during the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock worth $195,000 after buying an additional 3,743 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Tutor Perini during the third quarter worth approximately $207,000. Bank of Montreal Can lifted its holdings in shares of Tutor Perini by 328.5% during the fourth quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock worth $191,000 after buying an additional 5,788 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Tutor Perini during the third quarter worth approximately $282,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Corp (NYSE TPC) opened at $23.00 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $1,140.00, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.90 and a beta of 2.13. Tutor Perini Corp has a 12 month low of $22.60 and a 12 month high of $32.70.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.54 billion. Tutor Perini had a net margin of 2.03% and a return on equity of 6.16%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. research analysts predict that Tutor Perini Corp will post 1.83 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of Tutor Perini in a report on Wednesday, November 1st. ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity cut their price target on Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, November 10th. cut their price target on Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Saturday, January 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Tutor Perini currently has an average rating of “Hold” and an average price target of $32.60.

In related news, Director Dale Ann Reiss sold 4,829 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the completion of the transaction, the director now directly owns 20,625 shares in the company, valued at $562,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $25.17, for a total value of $629,250.00. Following the completion of the transaction, the insider now owns 5,823,120 shares of the company’s stock, valued at $146,567,930.40. The disclosure for this sale can be found here. Insiders sold 54,829 shares of company stock valued at $1,400,985 over the last 90 days. 24.50% of the stock is currently owned by corporate insiders.

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Tutor Perini Company Profile

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.

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

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