Tutor Perini Co. (NYSE:TPC) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in Tutor Perini Co. (NYSE:TPC) by 16.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,773 shares of the construction company’s stock after selling 15,166 shares during the quarter. GSA Capital Partners LLP owned about 0.14% of Tutor Perini worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Tutor Perini by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,992,319 shares of the construction company’s stock valued at $18,130,000 after purchasing an additional 53,927 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Tutor Perini in the fourth quarter valued at $6,467,000. Donald Smith & CO. Inc. grew its stake in shares of Tutor Perini by 20.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,899,899 shares of the construction company’s stock valued at $35,489,000 after buying an additional 659,657 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Tutor Perini by 77.8% in the first quarter. Los Angeles Capital Management LLC now owns 151,727 shares of the construction company’s stock valued at $2,194,000 after buying an additional 66,408 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Tutor Perini by 262.2% in the first quarter. Assenagon Asset Management S.A. now owns 184,461 shares of the construction company’s stock valued at $2,667,000 after buying an additional 133,534 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Shares of NYSE TPC remained flat at $21.46 during trading on Wednesday. The stock had a trading volume of 103,209 shares, compared to its average volume of 433,722. Tutor Perini Co. has a 12 month low of $6.59 and a 12 month high of $23.19. The stock has a market capitalization of $1.12 billion, a PE ratio of -10.52 and a beta of 1.55. The business’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $14.51. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, April 25th. The construction company reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.48. Tutor Perini had a negative return on equity of 8.03% and a negative net margin of 2.56%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $919.60 million. On average, sell-side analysts predict that Tutor Perini Co. will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TPC. UBS Group raised Tutor Perini from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $27.00 in a research note on Friday, June 14th. StockNews.com raised Tutor Perini from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Insider Activity at Tutor Perini

In other news, Director Michael R. Klein sold 181,155 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $19.99, for a total transaction of $3,621,288.45. Following the sale, the director now directly owns 208,976 shares in the company, valued at approximately $4,177,430.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tutor Perini news, CEO Ronald N. Tutor sold 25,718 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $20.66, for a total transaction of $531,333.88. Following the completion of the transaction, the chief executive officer now directly owns 3,411,222 shares of the company’s stock, valued at approximately $70,475,846.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 181,155 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.99, for a total value of $3,621,288.45. Following the transaction, the director now directly owns 208,976 shares of the company’s stock, valued at $4,177,430.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,728 shares of company stock valued at $4,870,217. Insiders own 19.50% of the company’s stock.

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.