Mirova Invests $1.36 Million in Tutor Perini Co. (NYSE:TPC)

Mirova purchased a new position in shares of Tutor Perini Co. (NYSE:TPC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 56,170 shares of the construction company's stock, valued at approximately $1,359,000. Mirova owned approximately 0.11% of Tutor Perini at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TPC. FMR LLC grew its position 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 acquiring an additional 2,399 shares during the last quarter. Optimize Financial Inc acquired a new stake in Tutor Perini during the 4th quarter worth $221,000. KLP Kapitalforvaltning AS purchased a new position in Tutor Perini during the 4th quarter worth $232,000. Commonwealth Equity Services LLC increased its stake 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 period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Tutor Perini by 46.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,581 shares of the construction company's stock valued at $353,000 after buying an additional 4,649 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TPC. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

Tutor Perini Price Performance

NYSE TPC traded up $0.18 during mid-day trading on Friday, hitting $21.43. The stock had a trading volume of 137,398 shares, compared to its average volume of 533,872. The company has a 50 day simple moving average of $23.21 and a 200 day simple moving average of $25.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -8.52 and a beta of 1.47. Tutor Perini Co. has a 52-week low of $13.56 and a 52-week high of $34.55.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80). The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period last year, the company earned ($0.91) EPS.

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.