Tutor Perini Co. (NYSE:TPC) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lessened its position in shares of Tutor Perini Co. (NYSE:TPC) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the construction company’s stock after selling 2,000 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Tutor Perini were worth $48,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after acquiring an additional 2,399 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Tutor Perini during the third quarter valued at about $201,000. EP Wealth Advisors LLC purchased a new stake in Tutor Perini during the third quarter valued at about $234,000. Intech Investment Management LLC purchased a new stake in Tutor Perini during the third quarter valued at about $339,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Tutor Perini during the third quarter valued at about $359,000. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of TPC stock opened at $25.14 on Wednesday. Tutor Perini Co. has a 12-month low of $12.77 and a 12-month high of $34.55. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -10.02 and a beta of 1.73. The business has a 50 day simple moving average of $24.23 and a 200 day simple moving average of $25.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the previous year, the business posted ($0.91) earnings per share.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TPC shares. Vertical Research started coverage on Tutor Perini in a research report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price for the company. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

Tutor Perini 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.