Los Angeles Capital Management LLC Buys New Shares in Tutor Perini Co. (NYSE:TPC)

Los Angeles Capital Management LLC acquired a new stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 85,319 shares of the construction company's stock, valued at approximately $776,000. Los Angeles Capital Management LLC owned 0.16% of Tutor Perini as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Tutor Perini by 107.6% in the 3rd quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company's stock worth $183,000 after buying an additional 12,079 shares during the period. Raymond James & Associates lifted its holdings in shares of Tutor Perini by 32.6% in the 3rd quarter. Raymond James & Associates now owns 25,007 shares of the construction company's stock worth $196,000 after buying an additional 6,144 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Tutor Perini by 9.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,697,413 shares of the construction company's stock worth $13,291,000 after buying an additional 146,033 shares during the period. Levin Capital Strategies L.P. lifted its holdings in shares of Tutor Perini by 4.3% in the 3rd quarter. Levin Capital Strategies L.P. now owns 231,824 shares of the construction company's stock worth $1,815,000 after buying an additional 9,500 shares during the period. Finally, Verus Capital Partners LLC lifted its holdings in shares of Tutor Perini by 33.6% in the 3rd quarter. Verus Capital Partners LLC now owns 141,200 shares of the construction company's stock worth $1,106,000 after buying an additional 35,550 shares during the period. Hedge funds and other institutional investors own 65.01% of the company's stock.

Insider Transactions at Tutor Perini

In other news, President Gary G. Smalley sold 15,940 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total value of $211,683.20. Following the completion of the transaction, the president now directly owns 68,346 shares of the company's stock, valued at approximately $907,634.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, President Gary G. Smalley sold 20,303 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.40, for a total transaction of $251,757.20. Following the transaction, the president now directly owns 160,507 shares of the company's stock, valued at approximately $1,990,286.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary G. Smalley sold 15,940 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $13.28, for a total value 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 three months, insiders sold 64,201 shares of company stock valued at $822,980. Corporate insiders own 19.50% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Tutor Perini from a "hold" rating to a "buy" rating in a report on Friday, April 26th.

Tutor Perini Stock Down 1.0 %

Shares of TPC traded down $0.19 during trading hours on Friday, hitting $18.84. The company had a trading volume of 289,716 shares, compared to its average volume of 548,492. The company has a market capitalization of $984.96 million, a PE ratio of -9.24 and a beta of 1.53. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Tutor Perini Co. has a one year low of $5.05 and a one year high of $19.20. The company's fifty day moving average price is $14.59 and its two-hundred day moving average price is $10.67.

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.98). The company had revenue of $1.02 billion during 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%. As a group, equities analysts forecast that Tutor Perini Co. will post 1.1 earnings per share for the current fiscal year.

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.