Jacobs Levy Equity Management Inc. Has $21.28 Million Holdings in Tutor Perini Co. (NYSE:TPC)

Jacobs Levy Equity Management Inc. boosted its position in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 129.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 783,396 shares of the construction company's stock after purchasing an additional 441,858 shares during the period. Jacobs Levy Equity Management Inc. owned 1.49% of Tutor Perini worth $21,277,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Tutor Perini by 142.8% in the second quarter. CWM LLC now owns 1,714 shares of the construction company's stock worth $37,000 after buying an additional 1,008 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Tutor Perini in the third quarter worth about $52,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tutor Perini in the second quarter worth about $51,000. nVerses Capital LLC acquired a new stake in shares of Tutor Perini in the second quarter worth about $63,000. Finally, USA Financial Formulas lifted its position in shares of Tutor Perini by 19.6% in the third quarter. USA Financial Formulas now owns 3,451 shares of the construction company's stock worth $94,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Tutor Perini from $27.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. B. Riley boosted their price objective on Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

Tutor Perini Stock Performance

TPC traded down $0.06 on Thursday, hitting $27.02. 447,185 shares of the stock traded hands, compared to its average volume of 447,992. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55. 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 firm has a market capitalization of $1.42 billion, a PE ratio of -10.87 and a beta of 1.49. The business has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $24.12.

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

Insider Activity at Tutor Perini

In other news, Director Raymond R. Oneglia sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $28.73, for a total value of $2,873,000.00. Following the sale, the director now directly owns 400,000 shares in the company, valued at approximately $11,492,000. This represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ronald N. Tutor sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $30.78, for a total value of $1,539,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,362,267 shares in the company, valued at $72,710,578.26. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock worth $9,686,000 over the last three months. Company insiders own 19.50% of the company's stock.

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.