Tutor Perini Corporation (NYSE:TPC) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC grew its stake in shares of Tutor Perini Corporation (NYSE:TPC - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,844 shares of the construction company's stock after buying an additional 46,758 shares during the period. Foundry Partners LLC owned 0.50% of Tutor Perini worth $6,116,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Tutor Perini during the first quarter worth $965,000. GAMMA Investing LLC increased its position in Tutor Perini by 32.5% during the first quarter. GAMMA Investing LLC now owns 2,080 shares of the construction company's stock worth $48,000 after buying an additional 510 shares in the last quarter. Ameriprise Financial Inc. increased its position in Tutor Perini by 8.8% during the fourth quarter. Ameriprise Financial Inc. now owns 211,843 shares of the construction company's stock worth $5,127,000 after buying an additional 17,217 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Tutor Perini by 47.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,032 shares of the construction company's stock worth $2,155,000 after buying an additional 28,701 shares in the last quarter. Finally, Millennium Management LLC increased its position in Tutor Perini by 90.8% during the fourth quarter. Millennium Management LLC now owns 144,597 shares of the construction company's stock worth $3,499,000 after buying an additional 68,807 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. B. Riley restated a "buy" rating and set a $50.00 price objective (up previously from $40.00) on shares of Tutor Perini in a report on Friday, June 6th. UBS Group raised their price objective on Tutor Perini from $41.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Wall Street Zen cut Tutor Perini from a "strong-buy" rating to a "buy" rating in a report on Friday.

Tutor Perini Trading Down 0.9%

NYSE:TPC traded down $0.43 on Tuesday, hitting $48.55. 484,848 shares of the stock were exchanged, compared to its average volume of 570,930. The stock has a fifty day moving average of $41.17 and a 200-day moving average of $29.66. The stock has a market cap of $2.56 billion, a PE ratio of -16.86 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Tutor Perini Corporation has a fifty-two week low of $14.50 and a fifty-two week high of $51.98.

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

Insider Transactions at Tutor Perini

In related news, Director Raymond R. Oneglia sold 75,000 shares of the firm'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 sale, the director directly owned 115,470 shares in the company, valued at approximately $4,183,478.10. This trade represents a 39.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Ronald N. Tutor sold 130,478 shares of the firm'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 sale, the chairman owned 4,570,985 shares in the company, valued at approximately $187,090,416.05. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 410,000 shares of company stock worth $15,891,651. Company insiders own 17.30% of the company's stock.

About Tutor Perini

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.