Tutor Perini Co. (NYSE:TPC) Stock Holdings Boosted by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,450,257 shares of the construction company's stock after acquiring an additional 179,819 shares during the quarter. Tutor Perini makes up 2.0% of Donald Smith & CO. Inc.'s portfolio, making the stock its 24th biggest position. Donald Smith & CO. Inc. owned 6.58% of Tutor Perini worth $83,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners increased its position in shares of Tutor Perini by 1,801.4% in the 4th quarter. Boston Partners now owns 605,450 shares of the construction company's stock worth $14,666,000 after purchasing an additional 573,608 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Tutor Perini by 611.0% in the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock valued at $14,568,000 after buying an additional 460,945 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Tutor Perini by 129.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company's stock valued at $21,277,000 after buying an additional 441,858 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Tutor Perini by 40,975.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock worth $3,400,000 after buying an additional 140,135 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tutor Perini by 587.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 91,003 shares of the construction company's stock worth $2,202,000 after acquiring an additional 77,767 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Tutor Perini Stock Performance

NYSE:TPC traded up $0.08 during midday trading on Tuesday, reaching $20.11. 109,837 shares of the company traded hands, compared to its average volume of 599,968. Tutor Perini Co. has a twelve month low of $13.15 and a twelve month high of $34.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average price of $23.91 and a 200 day moving average price of $25.62. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -8.01 and a beta of 1.47.

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

Analyst Upgrades and Downgrades

TPC has been the topic of several research reports. Vertical Research assumed coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price target on the stock. B. Riley upgraded shares of Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Company 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.