Tutor Perini Co. (NYSE:TPC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Tutor Perini Co. (NYSE:TPC - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,078 shares of the construction company's stock after buying an additional 19,694 shares during the period. JPMorgan Chase & Co. owned 1.06% of Tutor Perini worth $13,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after purchasing an additional 700 shares during the last quarter. FMR LLC lifted its holdings in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company's stock worth $128,000 after purchasing an additional 2,399 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Tutor Perini by 7.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,331 shares of the construction company's stock worth $1,639,000 after acquiring an additional 4,070 shares during the period. The Manufacturers Life Insurance Company grew its position in Tutor Perini by 35.3% during the third quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company's stock valued at $620,000 after buying an additional 5,953 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Tutor Perini in the third quarter worth about $201,000. Hedge funds and other institutional investors own 65.01% of the company's stock.

Analyst Ratings Changes

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

Tutor Perini Stock Down 1.1 %

TPC stock traded down $0.24 during mid-day trading on Thursday, reaching $21.51. The company had a trading volume of 124,750 shares, compared to its average volume of 524,732. The firm has a fifty day simple moving average of $23.57 and a 200 day simple moving average of $25.34. 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 fifty-two week low of $13.15 and a fifty-two week high of $34.55. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -8.57 and a beta of 1.47.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results 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 firm 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 last 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.