Tutor Perini Co. (NYSE:TPC) Shares Sold by EAM Investors LLC

EAM Investors LLC reduced its stake in Tutor Perini Co. (NYSE:TPC - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,650 shares of the construction company's stock after selling 12,435 shares during the period. EAM Investors LLC owned approximately 0.18% of Tutor Perini worth $2,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Tutor Perini by 103.1% during the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after buying an additional 2,399 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Tutor Perini during the 3rd quarter valued at $201,000. Optimize Financial Inc purchased a new stake in Tutor Perini during the 4th quarter worth $221,000. KLP Kapitalforvaltning AS acquired a new position in Tutor Perini in the 4th quarter worth $232,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Analyst Ratings Changes

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

Tutor Perini Stock Up 3.0 %

NYSE TPC traded up $0.60 on Tuesday, hitting $20.39. 201,229 shares of the stock traded hands, compared to its average volume of 620,103. The company has a market capitalization of $1.07 billion, a P/E ratio of -7.53 and a beta of 1.47. The stock has a 50-day moving average of $23.38 and a 200 day moving average of $25.18. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a twelve month low of $13.56 and a twelve month high of $34.55.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.91) EPS.

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.