Lesa Sroufe & Co Sells 7,038 Shares of Tutor Perini Co. (NYSE:TPC)

Lesa Sroufe & Co lowered its stake in shares of Tutor Perini Co. (NYSE:TPC) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,646 shares of the construction company’s stock after selling 7,038 shares during the quarter. Tutor Perini makes up approximately 1.8% of Lesa Sroufe & Co’s holdings, making the stock its 26th biggest holding. Lesa Sroufe & Co’s holdings in Tutor Perini were worth $1,799,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TPC. Highlander Capital Management LLC grew its position in shares of Tutor Perini by 85.7% during the 4th quarter. Highlander Capital Management LLC now owns 6,500 shares of the construction company’s stock worth $59,000 after buying an additional 3,000 shares during the period. Corton Capital Inc. boosted its stake in Tutor Perini by 56.5% during the 3rd quarter. Corton Capital Inc. now owns 19,071 shares of the construction company’s stock worth $149,000 after acquiring an additional 6,887 shares during the last quarter. John G Ullman & Associates Inc. bought a new position in Tutor Perini during the 4th quarter worth approximately $150,000. SG Americas Securities LLC boosted its stake in Tutor Perini by 107.6% during the 3rd quarter. SG Americas Securities LLC now owns 23,309 shares of the construction company’s stock worth $183,000 after acquiring an additional 12,079 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Tutor Perini by 32.6% during the 3rd quarter. Raymond James & Associates now owns 25,007 shares of the construction company’s stock worth $196,000 after acquiring an additional 6,144 shares during the last quarter. Institutional investors own 65.01% of the company’s stock.

Tutor Perini Stock Performance

Tutor Perini stock opened at $13.98 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.66. Tutor Perini Co. has a fifty-two week low of $4.90 and a fifty-two week high of $16.33. The company’s 50 day simple moving average is $12.55 and its 200 day simple moving average is $9.78.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.98). Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. As a group, equities analysts anticipate that Tutor Perini Co. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Insider Buying and Selling at Tutor Perini

In other Tutor Perini news, President Gary G. Smalley sold 20,303 shares of Tutor Perini stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the transaction, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Gary G. Smalley sold 20,303 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $12.40, for a total value of $251,757.20. Following the sale, the president now owns 160,507 shares of the company’s stock, valued at $1,990,286.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Gary G. Smalley sold 15,940 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total transaction of $211,683.20. Following the completion of the sale, the president now directly owns 68,346 shares in the company, valued at approximately $907,634.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,201 shares of company stock valued at $822,980. 19.50% of the stock is currently owned by corporate insiders.

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.