Russell Investments Group Ltd. Buys 215,834 Shares of Tutor Perini Co. (NYSE:TPC)

Russell Investments Group Ltd. grew its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 223.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,339 shares of the construction company's stock after acquiring an additional 215,834 shares during the quarter. Russell Investments Group Ltd. owned 0.60% of Tutor Perini worth $7,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in Tutor Perini by 103.1% during the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company's stock valued at $128,000 after purchasing an additional 2,399 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Tutor Perini in the third quarter valued at about $201,000. KLP Kapitalforvaltning AS acquired a new stake in Tutor Perini during the fourth quarter worth about $232,000. EP Wealth Advisors LLC bought a new position in Tutor Perini during the third quarter valued at about $234,000. Finally, Commonwealth Equity Services LLC raised its holdings in Tutor Perini by 7.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after acquiring an additional 700 shares in the last quarter. 65.01% of the stock is owned by institutional investors.

Tutor Perini Price Performance

NYSE:TPC traded down $0.44 on Tuesday, reaching $21.37. The stock had a trading volume of 311,176 shares, compared to its average volume of 524,154. The company has a market capitalization of $1.12 billion, a P/E ratio of -8.51 and a beta of 1.47. The stock has a fifty day moving average price of $23.62 and a 200-day moving average price of $25.36. 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 Co. has a 1-year low of $13.15 and a 1-year high of $34.55.

Remove Ads

Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.51) 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 for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned ($0.91) earnings per share.

Wall Street Analysts Forecast Growth

TPC has been the topic of several recent research reports. StockNews.com lowered shares of Tutor Perini from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. B. Riley raised Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th.

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.