Tutor Perini Co. (NYSE:TPC) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in Tutor Perini Co. (NYSE:TPC) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,960 shares of the construction company’s stock after buying an additional 5,533 shares during the period. Wells Fargo & Company MN owned about 0.10% of Tutor Perini worth $1,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TPC. Commonwealth Equity Services LLC grew its position in Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after buying an additional 700 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Tutor Perini by 10.4% in the fourth quarter. Franklin Resources Inc. now owns 88,216 shares of the construction company’s stock valued at $2,135,000 after acquiring an additional 8,309 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Tutor Perini in the fourth quarter valued at about $232,000. WINTON GROUP Ltd boosted its holdings in Tutor Perini by 39.1% in the fourth quarter. WINTON GROUP Ltd now owns 37,708 shares of the construction company’s stock valued at $913,000 after acquiring an additional 10,609 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Tutor Perini by 5.1% in the fourth quarter. Empowered Funds LLC now owns 282,247 shares of the construction company’s stock valued at $6,830,000 after acquiring an additional 13,726 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Trading Down 2.7 %

NYSE TPC opened at $21.30 on Tuesday. The firm has a market cap of $1.12 billion, a P/E ratio of -8.49 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s 50-day moving average is $23.15 and its 200-day moving average is $24.99. Tutor Perini Co. has a one year low of $14.50 and a one year high of $34.55.

Tutor Perini (NYSE:TPC) last released 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). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same period in the prior year, the business earned ($0.91) EPS.

Analysts Set New Price Targets

TPC has been the topic of several recent research reports. StockNews.com cut Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley raised Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.