Sumitomo Mitsui DS Asset Management Company Ltd Acquires Shares of 710,690 Tutor Perini Co. (NYSE:TPC)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 710,690 shares of the construction company's stock, valued at approximately $6,467,000. Sumitomo Mitsui DS Asset Management Company Ltd owned about 1.37% of Tutor Perini at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Highlander Capital Management LLC increased its stake in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company's stock valued at $59,000 after purchasing an additional 3,000 shares in the last quarter. John G Ullman & Associates Inc. acquired a new position in Tutor Perini during the 4th quarter worth approximately $150,000. Corton Capital Inc. boosted its holdings in Tutor Perini by 56.5% in the third quarter. Corton Capital Inc. now owns 19,071 shares of the construction company's stock worth $149,000 after acquiring an additional 6,887 shares in the last quarter. SG Americas Securities LLC grew its stake in Tutor Perini by 107.6% in the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company's stock valued at $183,000 after acquiring an additional 12,079 shares during the period. Finally, Raymond James & Associates grew its stake in Tutor Perini by 32.6% in the third quarter. Raymond James & Associates now owns 25,007 shares of the construction company's stock valued at $196,000 after acquiring an additional 6,144 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a report on Saturday, March 30th.

Insider Activity

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares of the company's stock, valued at $1,990,286.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tutor Perini news, President Gary G. Smalley sold 27,958 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the completion of the transaction, the president now owns 112,245 shares in the company, valued at $1,443,470.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary G. Smalley sold 20,303 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total transaction of $251,757.20. Following the completion of the sale, the president now directly owns 160,507 shares in the company, valued at approximately $1,990,286.80. The disclosure for this sale can be found here. Insiders sold a total of 64,201 shares of company stock worth $822,980 over the last quarter. Insiders own 19.50% of the company's stock.

Tutor Perini Stock Up 1.8 %

Shares of NYSE TPC traded up $0.24 during mid-day trading on Monday, reaching $13.52. 327,669 shares of the company's stock traded hands, compared to its average volume of 343,641. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50-day simple moving average of $12.35 and a 200 day simple moving average of $9.69. The stock has a market cap of $706.83 million, a P/E ratio of -4.13 and a beta of 1.62. Tutor Perini Co. has a 1-year low of $4.90 and a 1-year high of $16.33.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.98). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $951.50 million. Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. On average, analysts expect that Tutor Perini Co. will post 0.92 EPS for the current fiscal year.

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.