Tutor Perini Co. (NYSE:TPC) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Tutor Perini Co. (NYSE:TPC) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,291 shares of the construction company’s stock after purchasing an additional 700 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tutor Perini were worth $249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Tutor Perini by 611.0% in the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company’s stock valued at $14,568,000 after acquiring an additional 460,945 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Tutor Perini by 40,975.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company’s stock worth $3,400,000 after purchasing an additional 140,135 shares during the last quarter. Barclays PLC boosted its position in shares of Tutor Perini by 298.0% during the third quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock worth $1,898,000 after purchasing an additional 52,319 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Tutor Perini by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company’s stock valued at $16,528,000 after buying an additional 43,600 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Tutor Perini by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company’s stock valued at $27,795,000 after acquiring an additional 38,458 shares in the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TPC has been the subject of a number of recent analyst reports. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. B. Riley upgraded Tutor Perini to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Vertical Research began coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They set a “buy” rating and a $38.00 price target for the company.

Tutor Perini Stock Down 2.2 %

TPC stock opened at $19.60 on Wednesday. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -7.81 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $23.81 and its 200 day moving average is $25.53.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous 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.