Tutor Perini Co. (NYSE:TPC) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 298.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,875 shares of the construction company's stock after purchasing an additional 52,319 shares during the period. Barclays PLC owned about 0.13% of Tutor Perini worth $1,898,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fred Alger Management LLC purchased a new position in Tutor Perini in the third quarter valued at about $16,034,000. Jacobs Levy Equity Management Inc. raised its position in shares of Tutor Perini by 129.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company's stock valued at $21,277,000 after purchasing an additional 441,858 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tutor Perini by 59.9% during the 2nd quarter. American Century Companies Inc. now owns 759,665 shares of the construction company's stock valued at $16,546,000 after buying an additional 284,627 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Tutor Perini by 84.4% during the second quarter. Acadian Asset Management LLC now owns 539,336 shares of the construction company's stock worth $11,742,000 after buying an additional 246,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tutor Perini by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,399,544 shares of the construction company's stock worth $52,263,000 after buying an additional 198,348 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPC has been the subject of several recent analyst reports. Vertical Research began coverage on shares of Tutor Perini in a report on Tuesday, December 10th. They set a "buy" rating and a $38.00 price objective for the company. B. Riley lifted their price target on Tutor Perini from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. UBS Group upped their price objective on Tutor Perini from $27.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Tutor Perini from a "buy" rating to a "hold" rating in a research report on Wednesday.

Tutor Perini Stock Performance

Shares of NYSE TPC traded down $0.68 during midday trading on Friday, hitting $23.80. The company's stock had a trading volume of 301,287 shares, compared to its average volume of 445,654. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a 1-year low of $7.83 and a 1-year high of $34.55. The firm's fifty day moving average price is $27.30 and its 200-day moving average price is $24.64. The firm has a market cap of $1.25 billion, a P/E ratio of -9.48 and a beta of 1.49.

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

Insider Activity at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 125,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.72, for a total transaction of $3,840,000.00. Following the completion of the transaction, the chief executive officer now owns 3,257,313 shares in the company, valued at approximately $100,064,655.36. The trade was a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond R. Oneglia sold 100,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $28.73, for a total value of $2,873,000.00. Following the transaction, the director now directly owns 400,000 shares in the company, valued at $11,492,000. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 325,000 shares of company stock worth $9,686,000 in the last 90 days. 19.50% of the stock is currently owned by company insiders.

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.