Donald Smith & CO. Inc. Increases Holdings in Tutor Perini Co. (NYSE:TPC)

Donald Smith & CO. Inc. lifted its holdings in Tutor Perini Co. (NYSE:TPC) by 5.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,450,257 shares of the construction company’s stock after purchasing an additional 179,819 shares during the quarter. Tutor Perini makes up 2.0% of Donald Smith & CO. Inc.’s holdings, making the stock its 24th biggest holding. Donald Smith & CO. Inc. owned about 0.07% of Tutor Perini worth $83,496,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings 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 worth $128,000 after purchasing an additional 2,399 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Tutor Perini during the third quarter valued at $201,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Tutor Perini in the fourth quarter valued at $232,000. EP Wealth Advisors LLC bought a new stake in shares of Tutor Perini in the 3rd quarter worth about $234,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares during the period. 65.01% of the stock is owned by institutional investors.

Tutor Perini Stock Up 1.7 %

Shares of NYSE TPC opened at $23.57 on Thursday. Tutor Perini Co. has a 12-month low of $13.15 and a 12-month high of $34.55. The stock’s fifty day simple moving average is $24.21 and its two-hundred day simple moving average is $25.70. The stock has a market capitalization of $1.24 billion, a PE ratio of -9.39 and a beta of 1.47. 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 (NYSE:TPC) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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) EPS.

Analysts Set New Price Targets

Several analysts have issued reports 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. Vertical Research began coverage on Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.