Donald Smith & CO. Inc. Purchases 659,657 Shares of Tutor Perini Co. (NYSE:TPC)

Donald Smith & CO. Inc. boosted its stake in Tutor Perini Co. (NYSE:TPC - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,899,899 shares of the construction company's stock after purchasing an additional 659,657 shares during the quarter. Donald Smith & CO. Inc. owned approximately 7.50% of Tutor Perini worth $35,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Highlander Capital Management LLC boosted its position in shares of 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 acquiring an additional 3,000 shares during the period. Corton Capital Inc. grew its position in shares of Tutor Perini by 56.5% during the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company's stock valued at $149,000 after purchasing an additional 6,887 shares in the last quarter. John G Ullman & Associates Inc. bought a new position in shares of Tutor Perini in the fourth quarter worth $150,000. SG Americas Securities LLC boosted its stake in Tutor Perini by 107.6% during the third quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company's stock valued at $183,000 after buying an additional 12,079 shares during the period. Finally, Raymond James & Associates boosted its stake in Tutor Perini by 32.6% during the third quarter. Raymond James & Associates now owns 25,007 shares of the construction company's stock valued at $196,000 after buying an additional 6,144 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Tutor Perini Price Performance

Tutor Perini stock traded down $0.06 during mid-day trading on Monday, hitting $17.72. 957,678 shares of the company traded hands, compared to its average volume of 365,990. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. Tutor Perini Co. has a one year low of $4.90 and a one year high of $18.18. The stock has a market cap of $926.40 million, a price-to-earnings ratio of -8.69 and a beta of 1.62. The stock has a fifty day moving average price of $13.08 and a 200-day moving average price of $10.01.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $951.50 million. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. On average, equities analysts predict that Tutor Perini Co. will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 15,940 shares of the firm's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value of $211,683.20. Following the sale, the president now owns 68,346 shares of the company's stock, valued at approximately $907,634.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Gary G. Smalley sold 20,303 shares of the firm'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 completion of the sale, the president now owns 160,507 shares of the company's stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary G. Smalley sold 15,940 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total transaction of $211,683.20. Following the transaction, the president now directly owns 68,346 shares in the company, valued at $907,634.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,201 shares of company stock valued at $822,980. Insiders own 19.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tutor Perini from a "hold" rating to a "buy" rating in a research note on Friday.

Tutor Perini 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.