Boston Partners Has $14.67 Million Stake in Tutor Perini Co. (NYSE:TPC)

Boston Partners lifted its stake in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 1,801.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 605,450 shares of the construction company's stock after purchasing an additional 573,608 shares during the period. Boston Partners owned approximately 1.15% of Tutor Perini worth $14,666,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings 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 buying an additional 700 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Tutor Perini by 40,975.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company's stock worth $3,400,000 after acquiring an additional 140,135 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Tutor Perini by 5.1% during the fourth quarter. Empowered Funds LLC now owns 282,247 shares of the construction company's stock valued at $6,830,000 after acquiring an additional 13,726 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Tutor Perini by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company's stock valued at $16,528,000 after acquiring an additional 43,600 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock worth $2,255,000 after purchasing an additional 37,478 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

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Tutor Perini Stock Up 1.5 %

Shares of NYSE:TPC traded up $0.38 during trading on Tuesday, reaching $25.72. 427,359 shares of the company traded hands, compared to its average volume of 491,479. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.35 billion, a P/E ratio of -10.25 and a beta of 1.73. The firm has a fifty day simple moving average of $24.32 and a 200 day simple moving average of $25.65.

Tutor Perini (NYSE:TPC - Get Free Report) last issued its 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). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the firm earned ($0.91) EPS.

Wall Street Analysts Forecast Growth

TPC has been the subject of a number of research analyst reports. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Vertical Research started coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price objective for the company.

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.