125,379 Shares in Tutor Perini Corporation (NYSE:TPC) Purchased by Lesa Sroufe & Co

Lesa Sroufe & Co bought a new stake in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 125,379 shares of the construction company's stock, valued at approximately $2,906,000. Tutor Perini accounts for 2.9% of Lesa Sroufe & Co's holdings, making the stock its 10th biggest holding. Lesa Sroufe & Co owned approximately 0.24% of Tutor Perini at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TPC. GAMMA Investing LLC lifted its holdings in Tutor Perini by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock valued at $48,000 after purchasing an additional 510 shares in the last quarter. State of Wyoming lifted its holdings in Tutor Perini by 39.7% during the fourth quarter. State of Wyoming now owns 6,212 shares of the construction company's stock valued at $150,000 after purchasing an additional 1,764 shares in the last quarter. Optimize Financial Inc purchased a new position in shares of Tutor Perini in the fourth quarter worth $221,000. KLP Kapitalforvaltning AS purchased a new position in shares of Tutor Perini in the fourth quarter worth $232,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after buying an additional 700 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Insider Transactions at Tutor Perini

In other news, Chairman Ronald N. Tutor sold 130,478 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $40.93, for a total value of $5,340,464.54. Following the transaction, the chairman now directly owns 4,570,985 shares in the company, valued at approximately $187,090,416.05. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Raymond R. Oneglia sold 75,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $36.23, for a total transaction of $2,717,250.00. Following the completion of the transaction, the director now owns 115,470 shares in the company, valued at approximately $4,183,478.10. The trade was a 39.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 410,000 shares of company stock worth $15,891,651. Insiders own 17.30% of the company's stock.

Analysts Set New Price Targets

TPC has been the topic of several research analyst reports. Wall Street Zen raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. B. Riley reaffirmed a "buy" rating and set a $50.00 price target (up previously from $40.00) on shares of Tutor Perini in a research note on Friday, June 6th. Finally, UBS Group upped their price target on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, May 9th.

Tutor Perini Trading Up 0.2%

TPC stock traded up $0.10 during mid-day trading on Wednesday, reaching $41.99. 425,305 shares of the stock traded hands, compared to its average volume of 553,952. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.33. Tutor Perini Corporation has a one year low of $14.50 and a one year high of $43.94. The stock has a market capitalization of $2.21 billion, a PE ratio of -14.58 and a beta of 1.74. The business has a 50-day moving average price of $31.24 and a two-hundred day moving average price of $26.74.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.47. Tutor Perini had a negative net margin of 3.35% and a negative return on equity of 11.64%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business's revenue was up 18.8% compared to the same quarter last year.

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.