Tutor Perini Co. (NYSE:TPC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Tutor Perini Co. (NYSE:TPC) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,611 shares of the construction company’s stock after selling 8,431 shares during the period. Los Angeles Capital Management LLC’s holdings in Tutor Perini were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas increased its holdings in Tutor Perini by 19.6% in the third quarter. USA Financial Formulas now owns 3,451 shares of the construction company’s stock valued at $94,000 after buying an additional 566 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Tutor Perini by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the construction company’s stock valued at $368,000 after acquiring an additional 571 shares during the period. CWM LLC increased its stake in shares of Tutor Perini by 53.0% in the 3rd quarter. CWM LLC now owns 2,622 shares of the construction company’s stock valued at $71,000 after purchasing an additional 908 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Tutor Perini in the 2nd quarter worth about $51,000. Finally, Rhumbline Advisers raised its stake in shares of Tutor Perini by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 84,385 shares of the construction company’s stock worth $1,838,000 after buying an additional 2,534 shares during the period. 65.01% of the stock is owned by hedge funds and other institutional investors.

Tutor Perini Stock Down 3.5 %

Shares of NYSE:TPC opened at $28.20 on Thursday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -11.24 and a beta of 1.50. Tutor Perini Co. has a 12-month low of $7.74 and a 12-month high of $34.55. The business has a 50-day moving average price of $26.48 and a 200 day moving average price of $23.12. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.08 billion for 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. Tutor Perini’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Tutor Perini Co. will post -1.47 EPS for the current year.

Insider Buying and Selling at Tutor Perini

In other news, CEO Ronald N. Tutor sold 50,000 shares of Tutor Perini stock in a transaction on Friday, November 8th. The stock was sold at an average price of $30.78, for a total value of $1,539,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,362,267 shares of the company’s stock, valued at approximately $72,710,578.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Ronald N. Tutor sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.78, for a total transaction of $1,539,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,362,267 shares in the company, valued at $72,710,578.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $3,840,000.00. Following the sale, the chief executive officer now owns 3,257,313 shares in the company, valued at $100,064,655.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TPC shares. B. Riley raised their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded Tutor Perini from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their target price on shares of Tutor Perini from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd.

Tutor Perini Company 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.