Vanguard Group Inc. Has $65.31 Million Holdings in Tutor Perini Co. (NYSE:TPC)

Vanguard Group Inc. decreased its holdings in Tutor Perini Co. (NYSE:TPC - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,698,623 shares of the construction company's stock after selling 72,288 shares during the period. Vanguard Group Inc. owned about 5.15% of Tutor Perini worth $65,307,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in Tutor Perini by 298.0% in the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company's stock valued at $1,898,000 after acquiring an additional 52,319 shares during the period. JPMorgan Chase & Co. raised its position in shares of Tutor Perini by 611.0% in the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company's stock valued at $14,568,000 after purchasing an additional 460,945 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Tutor Perini by 67.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company's stock worth $2,255,000 after buying an additional 37,478 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tutor Perini by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company's stock worth $27,795,000 after buying an additional 38,458 shares during the period. Finally, State Street Corp grew its stake in Tutor Perini by 2.0% in the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company's stock valued at $26,483,000 after buying an additional 19,518 shares during the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com downgraded 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 Stock Performance

Shares of NYSE:TPC traded down $0.32 on Tuesday, reaching $21.49. 98,872 shares of the company's stock were exchanged, compared to its average volume of 599,104. 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 market capitalization of $1.13 billion, a price-to-earnings ratio of -8.56 and a beta of 1.47. The company has a fifty day moving average of $23.68 and a 200-day moving average of $25.39. Tutor Perini Co. has a twelve month low of $13.15 and a twelve month high of $34.55.

Tutor Perini (NYSE:TPC - Get Free Report) last posted 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 net margin of 3.08% and a negative return on equity of 9.56%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm 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.