Empowered Funds LLC Grows Position in Tutor Perini Co. (NYSE:TPC)

Empowered Funds LLC boosted its position in Tutor Perini Co. (NYSE:TPC - Free Report) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,521 shares of the construction company's stock after purchasing an additional 32,676 shares during the period. Empowered Funds LLC owned 0.51% of Tutor Perini worth $7,293,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new stake in Tutor Perini during the 2nd quarter worth approximately $12,362,000. American Century Companies Inc. grew its position in shares of Tutor Perini by 59.9% in the 2nd quarter. American Century Companies Inc. now owns 759,665 shares of the construction company's stock valued at $16,546,000 after buying an additional 284,627 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Tutor Perini by 84.4% in the second quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company's stock valued at $11,742,000 after buying an additional 246,901 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Tutor Perini by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company's stock valued at $52,263,000 after acquiring an additional 198,348 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Tutor Perini during the 2nd quarter valued at approximately $4,138,000. 65.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ronald N. Tutor sold 125,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the completion of the sale, the chief executive officer now owns 3,257,313 shares in the company, valued at $100,064,655.36. The trade was a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 19.50% of the company's stock.

Tutor Perini Trading Up 0.6 %

TPC traded up $0.17 during trading on Friday, hitting $27.73. The company's stock had a trading volume of 318,488 shares, compared to its average volume of 526,131. The firm has a market capitalization of $1.45 billion, a P/E ratio of -11.05 and a beta of 1.50. Tutor Perini Co. has a twelve month low of $7.74 and a twelve month high of $34.55. The stock's fifty day moving average price is $26.70 and its 200-day moving average price is $23.31. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.89) by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.71) EPS. Analysts anticipate that Tutor Perini Co. will post -1.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TPC shares. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group boosted their target price on shares of Tutor Perini from $27.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, B. Riley upped their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.

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.