Tutor Perini Co. (NYSE:TPC) Shares Purchased by Fmr LLC

Fmr LLC grew its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 103.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,725 shares of the construction company’s stock after purchasing an additional 2,399 shares during the quarter. Fmr LLC’s holdings in Tutor Perini were worth $128,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TPC. Allspring Global Investments Holdings LLC purchased a new stake in Tutor Perini in the 2nd quarter valued at $51,000. Plato Investment Management Ltd purchased a new stake in shares of Tutor Perini in the third quarter valued at about $52,000. nVerses Capital LLC acquired a new stake in Tutor Perini during the second quarter worth about $63,000. CWM LLC raised its stake in Tutor Perini by 53.0% during the third quarter. CWM LLC now owns 2,622 shares of the construction company’s stock worth $71,000 after purchasing an additional 908 shares during the period. Finally, Quest Partners LLC boosted its holdings in Tutor Perini by 537.2% in the 2nd quarter. Quest Partners LLC now owns 4,148 shares of the construction company’s stock valued at $90,000 after purchasing an additional 3,497 shares during the last quarter. Hedge funds and other institutional investors own 65.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Raymond R. Oneglia sold 100,000 shares of Tutor Perini stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $28.73, for a total value of $2,873,000.00. Following the completion of the transaction, the director now owns 400,000 shares in the company, valued at approximately $11,492,000. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ronald N. Tutor sold 50,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.78, for a total value of $1,539,000.00. Following the transaction, the chief executive officer now directly owns 2,362,267 shares of the company’s stock, valued at approximately $72,710,578.26. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 325,000 shares of company stock valued at $9,686,000 in the last ninety days. Company insiders own 19.50% of the company’s stock.

Tutor Perini Trading Up 1.3 %

TPC opened at $25.65 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.34 billion, a P/E ratio of -10.22 and a beta of 1.49. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55. The business has a fifty day simple moving average of $27.59 and a 200-day simple moving average of $24.53.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.89) by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.71) earnings per share. On average, equities analysts expect that Tutor Perini Co. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on TPC shares. StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. UBS Group upped their price target on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Vertical Research assumed coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective for the company. Finally, B. Riley upped their target price on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

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.