Donald Smith & CO. Inc. Has $83.50 Million Holdings in Tutor Perini Co. (NYSE:TPC)

Donald Smith & CO. Inc. raised its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,450,257 shares of the construction company's stock after acquiring an additional 179,819 shares during the period. Tutor Perini comprises about 2.0% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 24th largest holding. Donald Smith & CO. Inc. owned about 6.58% of Tutor Perini worth $83,496,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after purchasing an additional 2,399 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Tutor Perini during the 3rd quarter worth approximately $201,000. KLP Kapitalforvaltning AS bought a new position in shares of Tutor Perini during the 4th quarter worth approximately $232,000. EP Wealth Advisors LLC acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $234,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock worth $249,000 after purchasing an additional 700 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPC. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. B. Riley raised Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, Vertical Research started coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They issued a "buy" rating and a $38.00 price objective for the company.

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Tutor Perini Stock Performance

Shares of NYSE:TPC traded down $1.21 on Friday, hitting $20.42. The company had a trading volume of 792,677 shares, compared to its average volume of 518,262. The stock has a 50 day moving average price of $24.00 and a 200 day moving average price of $25.66. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -8.13 and a beta of 1.47. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55.

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). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted ($0.91) EPS.

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.