Frontier Capital Management Co. LLC Boosts Stake in Tutor Perini Corp (TPC)

Frontier Capital Management Co. LLC grew its position in shares of Tutor Perini Corp (NYSE:TPC) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,405,525 shares of the construction company’s stock after acquiring an additional 516,367 shares during the quarter. Frontier Capital Management Co. LLC owned about 4.83% of Tutor Perini worth $60,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Tutor Perini during the 3rd quarter valued at approximately $135,000. Victory Capital Management Inc. boosted its position in shares of Tutor Perini by 119.4% during the 3rd quarter. Victory Capital Management Inc. now owns 6,877 shares of the construction company’s stock valued at $195,000 after acquiring an additional 3,743 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Tutor Perini during the 3rd quarter valued at approximately $207,000. Bank of Montreal Can boosted its position in shares of Tutor Perini by 328.5% during the 4th quarter. Bank of Montreal Can now owns 7,550 shares of the construction company’s stock valued at $191,000 after acquiring an additional 5,788 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Tutor Perini by 239.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,112 shares of the construction company’s stock valued at $233,000 after acquiring an additional 5,725 shares during the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.

In other news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of Tutor Perini stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now directly owns 5,798,120 shares in the company, valued at $148,431,872. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of Tutor Perini stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the sale, the director now owns 20,625 shares of the company’s stock, valued at $562,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,829 shares of company stock valued at $1,400,985. 24.50% of the stock is owned by corporate insiders.

TPC has been the subject of a number of analyst reports. B. Riley restated a “buy” rating on shares of Tutor Perini in a research report on Wednesday, November 1st. ValuEngine upgraded Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Tutor Perini from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity lowered their price target on Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, lowered their price target on Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.83.

Shares of Tutor Perini Corp (NYSE TPC) opened at $27.05 on Friday. The stock has a market capitalization of $1,350.00, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.02 and a beta of 2.37. Tutor Perini Corp has a 52-week low of $22.60 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.54 billion. Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. analysts anticipate that Tutor Perini Corp will post 1.83 EPS for the current year.

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Tutor Perini Company Profile

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

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

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