Los Angeles Capital Management LLC Lowers Stock Holdings in Tutor Perini Co. (NYSE:TPC)

Los Angeles Capital Management LLC reduced its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,651 shares of the construction company's stock after selling 9,960 shares during the quarter. Los Angeles Capital Management LLC owned about 0.09% of Tutor Perini worth $1,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new stake in shares of Tutor Perini in the 3rd quarter valued at about $52,000. FMR LLC increased its holdings in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after acquiring an additional 2,399 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Tutor Perini by 21.8% during the third quarter. Martingale Asset Management L P now owns 20,806 shares of the construction company's stock worth $565,000 after purchasing an additional 3,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tutor Perini by 7.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,331 shares of the construction company's stock worth $1,639,000 after purchasing an additional 4,070 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Tutor Perini by 35.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company's stock valued at $620,000 after purchasing an additional 5,953 shares during the period. 65.01% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

TPC has been the topic of several research reports. B. Riley upped their price objective on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Vertical Research assumed coverage on shares of Tutor Perini in a report on Tuesday, December 10th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Tutor Perini Stock Performance

Shares of TPC traded up $0.02 during trading hours on Wednesday, hitting $27.55. The company's stock had a trading volume of 780,224 shares, compared to its average volume of 492,438. The business has a 50 day simple moving average of $24.07 and a two-hundred day simple moving average of $25.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. Tutor Perini Co. has a 52-week low of $11.13 and a 52-week high of $34.55. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -10.98 and a beta of 1.52.

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 the consensus estimate of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter in the prior year, the business earned ($0.91) EPS.

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.