American Century Companies Inc. Has $27.30 Million Holdings in Tutor Perini Co. (NYSE:TPC)

American Century Companies Inc. lessened its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,128,079 shares of the construction company's stock after selling 14,132 shares during the period. American Century Companies Inc. owned 2.15% of Tutor Perini worth $27,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPC. Quantbot Technologies LP raised its stake in Tutor Perini by 79.3% during the 4th quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company's stock valued at $894,000 after purchasing an additional 16,341 shares during the last quarter. Boston Partners boosted its position in Tutor Perini by 1,801.4% in the fourth quarter. Boston Partners now owns 605,450 shares of the construction company's stock valued at $14,666,000 after buying an additional 573,608 shares in the last quarter. Commonwealth Equity Services LLC grew its position in 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 acquiring an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Tutor Perini by 40,975.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock worth $3,400,000 after purchasing an additional 140,135 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Tutor Perini by 5.1% in the 4th quarter. Empowered Funds LLC now owns 282,247 shares of the construction company's stock valued at $6,830,000 after buying an additional 13,726 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TPC shares. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Vertical Research assumed coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They issued a "buy" rating and a $38.00 target price for the company.

Tutor Perini Price Performance

Shares of TPC traded down $1.81 during trading hours on Thursday, reaching $21.68. The stock had a trading volume of 567,712 shares, compared to its average volume of 517,566. The stock has a market capitalization of $1.14 billion, a PE ratio of -8.64 and a beta of 1.47. Tutor Perini Co. has a 12 month low of $13.15 and a 12 month high of $34.55. 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 company's 50-day moving average is $24.11 and its two-hundred day moving average is $25.67.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) 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 analyst estimates 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.

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.