Tutor Perini Co. (NYSE:TPC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Tutor Perini Co. (NYSE:TPC) by 34.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,285 shares of the construction company’s stock after purchasing an additional 12,296 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Tutor Perini worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares during the last quarter. Sterling Capital Management LLC boosted its position in Tutor Perini by 7.0% during the fourth quarter. Sterling Capital Management LLC now owns 18,836 shares of the construction company’s stock worth $456,000 after acquiring an additional 1,235 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Tutor Perini by 19.5% in the 4th quarter. EP Wealth Advisors LLC now owns 10,294 shares of the construction company’s stock worth $249,000 after acquiring an additional 1,680 shares during the period. Hsbc Holdings PLC raised its holdings in Tutor Perini by 9.8% in the 4th quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company’s stock valued at $743,000 after acquiring an additional 2,759 shares during the last quarter. Finally, Brightline Capital Management LLC raised its holdings in Tutor Perini by 0.5% in the 4th quarter. Brightline Capital Management LLC now owns 563,000 shares of the construction company’s stock valued at $13,625,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $35.82 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -14.27 and a beta of 1.62. Tutor Perini Co. has a one year low of $14.50 and a one year high of $37.08. The company has a 50 day moving average price of $25.30 and a 200 day moving average price of $25.34.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, May 7th. The construction company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.47. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS.

Insider Activity

In related news, Director Raymond R. Oneglia sold 75,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $36.23, for a total transaction of $2,717,250.00. Following the completion of the sale, the director now owns 115,470 shares of the company’s stock, valued at approximately $4,183,478.10. This represents a 39.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TPC. UBS Group raised their price objective on Tutor Perini from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 9th. B. Riley upgraded Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Wall Street Zen upgraded Tutor Perini from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

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.