MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 148,425 Shares of Tutor Perini Co. (NYSE:TPC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,726,545 shares of the construction company's stock after acquiring an additional 148,425 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 5.20% of Tutor Perini worth $65,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TPC. Optimize Financial Inc bought a new stake in Tutor Perini in the 4th quarter valued at $221,000. KLP Kapitalforvaltning AS bought a new stake in Tutor Perini in the 4th quarter valued at $232,000. Commonwealth Equity Services LLC boosted its stake 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 valued at $249,000 after purchasing an additional 700 shares during the period. EP Wealth Advisors LLC boosted its stake in Tutor Perini by 19.5% in the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company's stock valued at $249,000 after purchasing an additional 1,680 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Tutor Perini in the 4th quarter valued at $251,000. 65.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on TPC shares. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com raised Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group lifted their price objective on Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th.

Insider Buying and Selling

In related news, Director Raymond R. Oneglia sold 25,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $36.14, for a total transaction of $903,500.00. Following the sale, the director now owns 90,470 shares in the company, valued at $3,269,585.80. The trade was a 21.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.30% of the stock is currently owned by corporate insiders.

Tutor Perini Price Performance

Shares of Tutor Perini stock traded up $0.40 during trading on Friday, reaching $36.75. 521,622 shares of the company's stock were exchanged, compared to its average volume of 543,717. 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 $37.08. The company has a market cap of $1.94 billion, a P/E ratio of -14.64 and a beta of 1.62. The firm's 50-day moving average price is $24.25 and its 200 day moving average price is $25.09.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.47. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. Tutor Perini's revenue was up 18.8% on a year-over-year basis.

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.