Massachusetts Financial Services Co. MA raised its position in Tutor Perini Co. (NYSE:TPC - Free Report) by 587.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,003 shares of the construction company's stock after purchasing an additional 77,767 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.17% of Tutor Perini worth $2,202,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in 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 last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tutor Perini in the third quarter valued at approximately $201,000. KLP Kapitalforvaltning AS acquired a new position in Tutor Perini during the fourth quarter worth $232,000. EP Wealth Advisors LLC acquired a new position in Tutor Perini during the third quarter worth $234,000. Finally, Commonwealth Equity Services LLC grew its position in Tutor Perini by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company's stock valued at $249,000 after purchasing an additional 700 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.
Tutor Perini Stock Performance
Shares of Tutor Perini stock traded up $0.45 during trading on Monday, hitting $21.35. 20,112 shares of the stock were exchanged, compared to its average volume of 521,194. 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 company has a fifty day moving average price of $23.72 and a 200-day moving average price of $25.42. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -8.51 and a beta of 1.47. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55.
Tutor Perini (NYSE:TPC - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the previous year, the business earned ($0.91) earnings per share.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Tutor Perini from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. B. Riley raised Tutor Perini to a "strong-buy" rating in a research report on Tuesday, March 18th.
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Tutor Perini Profile
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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.
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