First Trust Advisors LP Boosts Holdings in Tutor Perini Co. (NYSE:TPC)

First Trust Advisors LP raised its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 74.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 938,478 shares of the construction company's stock after purchasing an additional 401,117 shares during the quarter. First Trust Advisors LP owned approximately 1.79% of Tutor Perini worth $22,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TPC. Optimize Financial Inc bought a new position in shares of Tutor Perini in the 4th quarter worth about $221,000. KLP Kapitalforvaltning AS bought a new position in shares of Tutor Perini during the fourth quarter valued at $232,000. Commonwealth Equity Services LLC increased its holdings in Tutor Perini by 7.3% in the 4th 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. Envestnet Asset Management Inc. lifted its stake in Tutor Perini by 46.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,581 shares of the construction company's stock valued at $353,000 after acquiring an additional 4,649 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of Tutor Perini by 7.0% in the fourth quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company's stock worth $456,000 after acquiring an additional 1,235 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Up 4.0 %

NYSE TPC traded up $0.85 on Thursday, hitting $22.31. The stock had a trading volume of 107,965 shares, compared to its average volume of 527,053. Tutor Perini Co. has a 52-week low of $14.50 and a 52-week high of $34.55. The business's fifty day moving average price is $23.16 and its 200 day moving average price is $24.94. 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 stock has a market cap of $1.18 billion, a price-to-earnings ratio of -8.92 and a beta of 1.47.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.07 billion for 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 quarter in the previous year, the firm posted ($0.91) earnings per share.

Analyst Upgrades and Downgrades

TPC has been the subject of a number of research reports. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com cut shares of Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

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.