Tutor Perini Co. (NYSE:TPC) Stake Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in Tutor Perini Co. (NYSE:TPC) by 77.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,727 shares of the construction company’s stock after acquiring an additional 66,408 shares during the quarter. Los Angeles Capital Management LLC owned about 0.29% of Tutor Perini worth $2,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highlander Capital Management LLC raised its position in Tutor Perini by 85.7% in the fourth quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after acquiring an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Tutor Perini by 606.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,436 shares of the construction company’s stock worth $68,000 after purchasing an additional 6,383 shares in the last quarter. Corton Capital Inc. increased its stake in Tutor Perini by 56.5% in the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock worth $149,000 after purchasing an additional 6,887 shares in the last quarter. John G Ullman & Associates Inc. purchased a new position in Tutor Perini in the 4th quarter worth about $150,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Tutor Perini in the 4th quarter worth about $184,000. 65.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TPC. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. UBS Group raised Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $27.00 in a research note on Friday, June 14th.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of Tutor Perini stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the transaction, the chief executive officer now owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ronald N. Tutor sold 25,718 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total value of $531,333.88. Following the completion of the sale, the chief executive officer now owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ronald N. Tutor sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $19.40, for a total value of $485,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,387,267 shares of the company’s stock, valued at approximately $46,312,979.80. The disclosure for this sale can be found here. Insiders have sold a total of 243,728 shares of company stock valued at $4,870,217 in the last 90 days. 19.50% of the stock is currently owned by corporate insiders.

Tutor Perini Stock Performance

NYSE:TPC opened at $21.68 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. Tutor Perini Co. has a fifty-two week low of $6.31 and a fifty-two week high of $23.19. The stock’s 50-day moving average is $18.85 and its two-hundred day moving average is $13.35.

Tutor Perini (NYSE:TPC) last released its earnings results on Thursday, April 25th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.48. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $919.60 million. Sell-side analysts anticipate that Tutor Perini Co. will post 1.1 earnings per share for the current year.

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.