2 weeks Ago By ABMN Staff
Invesco Ltd. trimmed its holdings in shares of Tutor Perini Co. ( NYSE:TPC – Free Report ) by 37.
2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 578,587 shares of the construction company’s stock after selling 342,683 shares during the period. Invesco Ltd.
owned about 1.10% of Tutor Perini worth $14,002,000 at the end of the most recent quarter. Other hedge funds also recently modified their holdings of the company.
Russell Investments Group Ltd. grew its stake in Tutor Perini by 223.7% in the fourth quarter.
Russell Investments Group Ltd. now owns 312,339 shares of the construction company’s stock valued at $7,559,000 after purchasing an additional 215,834 shares in the last quarter. Envestnet Asset Management Inc.
grew its position in shares of Tutor Perini by 46.8% in the 4th quarter. Envestnet Asset Management Inc.
now owns 14,581 shares of the construction company’s stock valued at $353,000 after acquiring an additional 4,649 shares during the period. Wells Fargo & Company MN increased its stake in shares of Tutor Perini by 11.7% during the 4th quarter.
Wells Fargo & Company MN now owns 52,960 shares of the construction company’s stock worth $1,282,000 after purchasing an additional 5,533 shares during the last quarter. Donald Smith & CO. Inc.
raised its holdings in shares of Tutor Perini by 5.5% in the 4th quarter. Donald Smith & CO.
Inc. now owns 3,450,257 shares of the construction company’s stock valued at $83,496,000 after purchasing an additional 179,819 shares during the period. Finally, Massachusetts Financial Services Co.
MA lifted its position in shares of Tutor Perini by 587.5% in the fourth quarter. Massachusetts Financial Services Co.
MA now owns 91,003 shares of the construction company’s stock valued at $2,202,000 after buying an additional 77,767 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.
Analyst Upgrades and Downgrades A number of research firms have recently issued reports on TPC. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research note on Tuesday, March 18th.
StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Tutor Perini Price Performance TPC stock opened at $19.
75 on Tuesday. The company’s 50-day moving average price is $23.38 and its two-hundred day moving average price is $25.
18. Tutor Perini Co. has a 12 month low of $13.
29 and a 12 month high of $34.55. 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 $1.04 billion, a P/E ratio of -7.87 and a beta of 1.
47. Tutor Perini ( NYSE:TPC – Get Free Report ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported ($1.
51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($1.80).
Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%.
The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion.
During the same quarter in the previous year, the business posted ($0.91) EPS. About Tutor Perini ( Free Report ) 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. See Also Want to see what other hedge funds are holding TPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tutor Perini Co.
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