Foundry Partners LLC Boosts Stake in Tutor Perini Co. (NYSE:TPC)

Foundry Partners LLC lifted its holdings in Tutor Perini Co. (NYSE:TPC) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,915 shares of the construction company’s stock after buying an additional 33,440 shares during the quarter. Foundry Partners LLC’s holdings in Tutor Perini were worth $5,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TPC. CWM LLC raised its holdings in shares of Tutor Perini by 142.8% in the second quarter. CWM LLC now owns 1,714 shares of the construction company’s stock worth $37,000 after acquiring an additional 1,008 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tutor Perini in the second quarter worth about $51,000. Plato Investment Management Ltd purchased a new stake in shares of Tutor Perini in the third quarter worth about $52,000. nVerses Capital LLC purchased a new stake in shares of Tutor Perini in the second quarter worth about $63,000. Finally, EntryPoint Capital LLC purchased a new position in Tutor Perini in the first quarter valued at about $77,000. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tutor Perini

In other Tutor Perini news, CEO Ronald N. Tutor sold 125,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.72, for a total value of $3,840,000.00. Following the completion of the sale, the chief executive officer now owns 3,257,313 shares of the company’s stock, valued at $100,064,655.36. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TPC. StockNews.com downgraded Tutor Perini from a “buy” rating to a “hold” rating in a report on Friday, November 15th. B. Riley increased their price target on Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group increased their price target on Tutor Perini from $27.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

Tutor Perini Trading Down 0.2 %

NYSE:TPC opened at $28.77 on Friday. 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 business’s 50 day moving average is $27.23 and its two-hundred day moving average is $23.55. Tutor Perini Co. has a 52 week low of $7.83 and a 52 week high of $34.55.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, November 6th. The construction company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.89) by ($0.03). Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned ($0.71) earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Tutor Perini Co. will post -1.47 earnings per share for the current fiscal year.

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.