Thrivent Financial for Lutherans cut its holdings in shares of Tutor Perini Co. (NYSE:TPC – Get Rating) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,411 shares of the construction company’s stock after selling 5,693 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of Tutor Perini worth $577,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank increased its holdings in Tutor Perini by 3.0% in the 4th quarter. Swiss National Bank now owns 105,400 shares of the construction company’s stock valued at $796,000 after purchasing an additional 3,100 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Tutor Perini in the 4th quarter valued at $85,000. LPL Financial LLC lifted its stake in Tutor Perini by 12.5% during the 4th quarter. LPL Financial LLC now owns 80,315 shares of the construction company’s stock worth $606,000 after acquiring an additional 8,900 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Tutor Perini by 31.4% during the 4th quarter. SG Americas Securities LLC now owns 25,793 shares of the construction company’s stock valued at $195,000 after acquiring an additional 6,165 shares during the period. Finally, Bank of Montreal Can acquired a new position in Tutor Perini in the 4th quarter valued at about $1,375,000. 65.86% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Tutor Perini
In other news, Director Sidney J. Feltenstein bought 75,000 shares of Tutor Perini stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $5.96 per share, for a total transaction of $447,000.00. Following the purchase, the director now owns 292,677 shares of the company’s stock, valued at $1,744,354.92. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 21.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Tutor Perini Trading Up 0.9 %
TPC opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.82 and a current ratio of 1.82. Tutor Perini Co. has a one year low of $4.90 and a one year high of $10.62. The business’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $7.25. The company has a market cap of $306.28 million, a P/E ratio of -1.29 and a beta of 1.44.
Tutor Perini (NYSE:TPC – Get Rating) last issued its quarterly earnings data on Wednesday, March 15th. The construction company reported ($1.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($1.82). Tutor Perini had a negative net margin of 6.57% and a negative return on equity of 16.06%. The firm had revenue of $906.65 million during the quarter, compared to analysts’ expectations of $976.17 million. During the same quarter in the prior year, the firm posted $0.57 EPS. Tutor Perini’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Tutor Perini Co. will post -0.94 EPS for the current fiscal year.
Tutor Perini Company Profile
Tutor Perini Corp. engages in the provision of construction services. It operates through the following business segments: Civil, Building, and Specialty Contractors. The Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure across the major geographic regions of the United States.
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