Tutor Perini Corp (TPC) Shares Bought by Frontier Capital Management Co. LLC

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Frontier Capital Management Co. LLC lifted its stake in Tutor Perini Corp (NYSE:TPC) by 0.2% in the first quarter, HoldingsChannel.com reports. The fund owned 4,787,624 shares of the construction company’s stock after purchasing an additional 11,905 shares during the period. Frontier Capital Management Co. LLC owned 0.10% of Tutor Perini worth $81,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TPC. Vanguard Group Inc boosted its holdings in shares of Tutor Perini by 1.9% in the third quarter. Vanguard Group Inc now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after buying an additional 65,931 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tutor Perini by 1.9% in the third quarter. Vanguard Group Inc. now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after buying an additional 65,931 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Tutor Perini by 7.4% in the fourth quarter. BlackRock Inc. now owns 2,753,232 shares of the construction company’s stock worth $43,972,000 after buying an additional 188,564 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of Tutor Perini by 191.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,751,728 shares of the construction company’s stock worth $27,975,000 after buying an additional 1,151,076 shares during the last quarter. Finally, DDD Partners LLC boosted its holdings in shares of Tutor Perini by 98.5% in the fourth quarter. DDD Partners LLC now owns 986,570 shares of the construction company’s stock worth $15,756,000 after buying an additional 489,555 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

In other news, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $16.55, for a total value of $827,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.51, for a total transaction of $330,200.00. Following the completion of the sale, the insider now owns 5,594,050 shares in the company, valued at approximately $92,357,765.50. The disclosure for this sale can be found here. 24.30% of the stock is currently owned by insiders.

Several equities analysts have weighed in on TPC shares. Zacks Investment Research raised shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, March 27th. UBS Group downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $19.00 in a report on Friday, February 1st. DA Davidson downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $20.00 in a report on Tuesday, January 22nd. ValuEngine downgraded shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a report on Thursday, May 9th. Finally, TheStreet raised shares of Tutor Perini from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.17.

TPC stock opened at $16.53 on Friday. Tutor Perini Corp has a one year low of $14.66 and a one year high of $22.02. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $846.54 million, a PE ratio of 8.65, a P/E/G ratio of 0.80 and a beta of 1.92.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, May 8th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). Tutor Perini had a return on equity of 5.42% and a net margin of 2.17%. The company had revenue of $958.49 million during the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities research analysts predict that Tutor Perini Corp will post 2.11 EPS for the current year.

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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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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Institutional Ownership by Quarter for Tutor Perini (NYSE:TPC)

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