LPL Financial LLC Acquires 26,186 Shares of Tutor Perini Co. (NYSE:TPC)

LPL Financial LLC increased its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 139.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,984 shares of the construction company's stock after acquiring an additional 26,186 shares during the period. LPL Financial LLC owned approximately 0.09% of Tutor Perini worth $1,089,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after buying an additional 2,399 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Tutor Perini during the 4th quarter valued at about $232,000. Commonwealth Equity Services LLC lifted its stake in shares of Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after buying an additional 700 shares during the period. Quantbot Technologies LP lifted its stake in shares of Tutor Perini by 79.3% during the fourth quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company's stock valued at $894,000 after buying an additional 16,341 shares during the period. Finally, Barclays PLC lifted its stake in shares of Tutor Perini by 298.0% during the third quarter. Barclays PLC now owns 69,875 shares of the construction company's stock valued at $1,898,000 after buying an additional 52,319 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Stock Up 4.6 %

NYSE TPC traded up $0.95 during trading hours on Thursday, reaching $21.43. 131,291 shares of the company traded hands, compared to its average volume of 532,314. The company has a 50 day moving average of $23.25 and a two-hundred day moving average of $25.11. 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 12 month low of $13.56 and a 12 month high of $34.55. The stock has a market capitalization of $1.12 billion, a PE ratio of -8.55 and a beta of 1.47.

Tutor Perini (NYSE:TPC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted ($0.91) earnings per share.

Analyst Ratings Changes

Several equities analysts recently commented on TPC shares. B. Riley raised shares of Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th.

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.