LPL Financial LLC Has $1.09 Million Stock Holdings in Tutor Perini Co. (NYSE:TPC)

LPL Financial LLC boosted its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 139.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,984 shares of the construction company’s stock after buying an additional 26,186 shares during the period. LPL Financial LLC owned approximately 0.09% of Tutor Perini worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares in the last quarter. State Street Corp boosted its stake in shares of Tutor Perini by 2.0% during the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company’s stock valued at $26,483,000 after buying an additional 19,518 shares during the period. Barclays PLC grew its holdings in shares of Tutor Perini by 298.0% during the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 52,319 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $27,795,000 after purchasing an additional 38,458 shares during the last quarter. Finally, Sculati Wealth Management LLC raised its holdings in shares of Tutor Perini by 18.5% during the 3rd quarter. Sculati Wealth Management LLC now owns 208,712 shares of the construction company’s stock valued at $5,669,000 after purchasing an additional 32,589 shares in the last quarter. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Down 2.9 %

Shares of TPC opened at $21.12 on Friday. The firm has a market cap of $1.11 billion, a P/E ratio of -8.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a 52 week low of $13.29 and a 52 week high of $34.55. The firm’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $25.24.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing the consensus estimate of $0.29 by ($1.80). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted ($0.91) earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.