Jacobs Levy Equity Management Inc. lifted its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 792,035 shares of the construction company's stock after buying an additional 8,639 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.51% of Tutor Perini worth $19,167,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after purchasing an additional 700 shares during the last quarter. Sterling Capital Management LLC boosted 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 buying an additional 1,235 shares during the last quarter. Gotham Asset Management LLC grew its holdings in Tutor Perini by 4.3% during the fourth quarter. Gotham Asset Management LLC now owns 38,684 shares of the construction company's stock worth $936,000 after acquiring an additional 1,609 shares during the period. EP Wealth Advisors LLC raised its position in Tutor Perini by 19.5% during the fourth quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock valued at $249,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Tutor Perini by 9.8% in the fourth quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company's stock valued at $743,000 after acquiring an additional 2,759 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TPC has been the subject of several recent research reports. UBS Group lifted their target price on shares of Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. B. Riley upgraded shares of Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, StockNews.com raised shares of Tutor Perini from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.
View Our Latest Stock Report on Tutor Perini
Tutor Perini Price Performance
Tutor Perini stock traded up $0.40 during trading on Friday, reaching $36.75. The company had a trading volume of 521,622 shares, compared to its average volume of 543,926. The firm has a market capitalization of $1.94 billion, a PE ratio of -14.64 and a beta of 1.62. The firm's 50-day simple moving average is $23.91 and its 200 day simple moving average is $25.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a 1-year low of $14.50 and a 1-year high of $37.64.
Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.06 by $0.47. The company had revenue of $1.25 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%. Tutor Perini's quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS.
Insider Buying and Selling at Tutor Perini
In other news, Director Raymond R. Oneglia sold 25,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $36.14, for a total value of $903,500.00. Following the completion of the sale, the director now directly owns 90,470 shares in the company, valued at $3,269,585.80. This represents a 21.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.30% of the stock is currently owned by insiders.
About Tutor Perini
(
Free Report)
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.
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