American Century Companies Inc. Increases Stock Holdings in Tutor Perini Co. (NYSE:TPC)

American Century Companies Inc. grew its stake in Tutor Perini Co. (NYSE:TPC) by 59.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 759,665 shares of the construction company’s stock after purchasing an additional 284,627 shares during the period. American Century Companies Inc. owned approximately 1.45% of Tutor Perini worth $16,546,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC increased its stake in Tutor Perini by 17.3% in the 1st quarter. Empowered Funds LLC now owns 218,925 shares of the construction company’s stock valued at $3,166,000 after buying an additional 32,325 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tutor Perini by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,992,319 shares of the construction company’s stock valued at $18,130,000 after acquiring an additional 53,927 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Tutor Perini by 77.8% during the first quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock worth $2,194,000 after acquiring an additional 66,408 shares during the period. Acadian Asset Management LLC increased its stake in shares of Tutor Perini by 152.0% during the first quarter. Acadian Asset Management LLC now owns 292,435 shares of the construction company’s stock worth $4,227,000 after acquiring an additional 176,398 shares during the period. Finally, CWM LLC raised its holdings in Tutor Perini by 142.8% during the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,008 shares in the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group upgraded Tutor Perini from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $27.00 in a research report on Friday, June 14th.

Tutor Perini Trading Up 0.7 %

NYSE:TPC opened at $26.22 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.85 and a beta of 1.51. Tutor Perini Co. has a 1 year low of $6.85 and a 1 year high of $27.05. The stock has a fifty day moving average price of $22.64 and a two-hundred day moving average price of $19.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Tutor Perini had a negative net margin of 1.59% and a negative return on equity of 4.49%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.72) EPS. As a group, sell-side analysts anticipate that Tutor Perini Co. will post 1.12 earnings per share for the current fiscal year.

Tutor Perini Company 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.