Dimensional Fund Advisors LP Purchases 170,440 Shares of Tutor Perini Co. (NYSE:TPC)

Dimensional Fund Advisors LP lifted its stake in Tutor Perini Co. (NYSE:TPC - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,825,350 shares of the construction company's stock after purchasing an additional 170,440 shares during the quarter. Dimensional Fund Advisors LP owned about 5.39% of Tutor Perini worth $68,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TPC. Donald Smith & CO. Inc. boosted its stake in Tutor Perini by 5.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company's stock worth $83,496,000 after buying an additional 179,819 shares during the period. First Trust Advisors LP raised its position in Tutor Perini by 74.6% in the 4th quarter. First Trust Advisors LP now owns 938,478 shares of the construction company's stock worth $22,711,000 after purchasing an additional 401,117 shares during the period. Hennessy Advisors Inc. lifted its stake in Tutor Perini by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company's stock worth $16,528,000 after purchasing an additional 43,600 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Tutor Perini by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 624,080 shares of the construction company's stock valued at $15,103,000 after buying an additional 27,100 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after buying an additional 573,608 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TPC shares. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

Tutor Perini Stock Up 2.3 %

Shares of TPC stock traded up $0.53 on Tuesday, hitting $23.29. The stock had a trading volume of 45,522 shares, compared to its average volume of 524,044. Tutor Perini Co. has a one year low of $14.50 and a one year high of $34.55. The business has a 50 day moving average price of $23.09 and a 200 day moving average price of $24.78. The company has a market cap of $1.23 billion, a PE ratio of -9.18 and a beta of 1.62. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same quarter in the prior year, the business posted ($0.91) earnings per share.

Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.