Foundry Partners LLC Purchases 33,440 Shares of Tutor Perini Co. (NYSE:TPC)

Foundry Partners LLC boosted its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,915 shares of the construction company's stock after acquiring an additional 33,440 shares during the period. Foundry Partners LLC owned 0.41% of Tutor Perini worth $5,891,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Tutor Perini during the second quarter valued at approximately $12,362,000. American Century Companies Inc. boosted its position in shares of Tutor Perini by 59.9% during the second 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 holdings in Tutor Perini by 84.4% in the 2nd quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company's stock worth $11,742,000 after buying an additional 246,901 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Tutor Perini by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company's stock worth $52,263,000 after buying an additional 198,348 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Tutor Perini during the 2nd quarter valued at about $4,138,000. Institutional investors own 65.01% of the company's stock.

Tutor Perini Stock Performance

NYSE TPC traded down $0.17 during trading hours on Friday, hitting $28.52. 352,229 shares of the company's stock traded hands, compared to its average volume of 451,262. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55. The firm has a market capitalization of $1.50 billion, a P/E ratio of -11.36 and a beta of 1.50. The business's fifty day moving average price is $27.31 and its two-hundred day moving average price is $23.62.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective 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. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, B. Riley lifted their price objective on Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other Tutor Perini news, CEO Ronald N. Tutor sold 125,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 3,257,313 shares of the company's stock, valued at $100,064,655.36. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 19.50% of the company's stock.

About Tutor Perini

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.