LPL Financial LLC Has $1.09 Million Stock Position in Tutor Perini Co. (NYSE:TPC)

LPL Financial LLC grew its position in shares of Tutor Perini Co. (NYSE:TPC) by 139.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,984 shares of the construction company’s stock after purchasing an additional 26,186 shares during the quarter. LPL Financial LLC’s holdings in Tutor Perini were worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPC. FMR LLC increased its position in shares of Tutor Perini by 103.1% during the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after buying an additional 2,399 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Tutor Perini during the 4th quarter worth about $232,000. Commonwealth Equity Services LLC raised its position in shares of Tutor Perini by 7.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after acquiring an additional 700 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Tutor Perini by 79.3% in the 4th quarter. Quantbot Technologies LP now owns 36,938 shares of the construction company’s stock valued at $894,000 after purchasing an additional 16,341 shares during the period. Finally, Barclays PLC boosted its position in shares of Tutor Perini by 298.0% during the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock valued at $1,898,000 after purchasing an additional 52,319 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Down 2.9 %

TPC stock opened at $21.12 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a fifty-two week low of $13.29 and a fifty-two week high of $34.55. The stock’s 50 day simple moving average is $23.45 and its 200 day simple moving average is $25.24. The company has a market cap of $1.11 billion, a P/E ratio of -8.41 and a beta of 1.47.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter in the prior year, the business earned ($0.91) earnings per share.

Analysts Set New Price Targets

A number of brokerages have weighed in on TPC. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.