American Trust Sells 15,155 Shares of Tutor Perini Co. (NYSE:TPC)

American Trust cut its holdings in Tutor Perini Co. (NYSE:TPCGet Rating) by 50.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,119 shares of the construction company’s stock after selling 15,155 shares during the period. American Trust’s holdings in Tutor Perini were worth $163,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TPC. Monetary Management Group Inc. boosted its stake in shares of Tutor Perini by 28.6% during the 4th quarter. Monetary Management Group Inc. now owns 9,000 shares of the construction company’s stock worth $111,000 after purchasing an additional 2,000 shares during the period. Raymond James & Associates purchased a new position in shares of Tutor Perini during the 1st quarter worth about $142,000. PDT Partners LLC purchased a new position in shares of Tutor Perini during the 1st quarter worth about $152,000. Envestnet Asset Management Inc. purchased a new position in shares of Tutor Perini during the 4th quarter worth about $159,000. Finally, Quantbot Technologies LP boosted its stake in shares of Tutor Perini by 152.4% during the 1st quarter. Quantbot Technologies LP now owns 16,660 shares of the construction company’s stock worth $179,000 after purchasing an additional 10,060 shares during the period. 66.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TPC. TheStreet cut shares of Tutor Perini from a “c-” rating to a “d+” rating in a research report on Monday, July 11th. DA Davidson lowered their price objective on shares of Tutor Perini to $14.00 in a research report on Monday, August 15th.

Tutor Perini Price Performance

Shares of TPC opened at $6.96 on Tuesday. The company has a 50 day moving average price of $7.69 and a 200-day moving average price of $9.02. Tutor Perini Co. has a fifty-two week low of $6.29 and a fifty-two week high of $15.67. The stock has a market capitalization of $357.45 million, a PE ratio of -8.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.97 and a current ratio of 1.97.

Tutor Perini Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were given a $0.2969 dividend. The ex-dividend date of this dividend was Friday, July 8th. This represents a $1.19 annualized dividend and a dividend yield of 17.06%.

Tutor Perini Company Profile

(Get Rating)

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities.

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Institutional Ownership by Quarter for Tutor Perini (NYSE:TPC)

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