Brandywine Global Investment Management LLC Trims Holdings in Tutor Perini Co. (NYSE:TPC)

Brandywine Global Investment Management LLC lessened its stake in Tutor Perini Co. (NYSE:TPC) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,650 shares of the construction company’s stock after selling 6,809 shares during the period. Brandywine Global Investment Management LLC owned about 0.29% of Tutor Perini worth $3,718,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after purchasing an additional 2,399 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Tutor Perini in the third quarter valued at about $201,000. KLP Kapitalforvaltning AS acquired a new stake in Tutor Perini during the fourth quarter valued at approximately $232,000. EP Wealth Advisors LLC bought a new position in Tutor Perini during the 3rd quarter worth approximately $234,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Tutor Perini by 7.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after buying an additional 700 shares during the last quarter. 65.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TPC has been the topic of several research reports. B. Riley raised Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. Vertical Research initiated coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective for the company. Finally, StockNews.com lowered Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $23.27 on Wednesday. The firm’s 50 day moving average is $24.28 and its two-hundred day moving average is $25.71. The firm has a market capitalization of $1.22 billion, a P/E ratio of -9.27 and a beta of 1.73. 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 Co. has a 52 week low of $13.15 and a 52 week high of $34.55.

Tutor Perini (NYSE:TPC) last posted its earnings results on Thursday, February 27th. The construction company reported ($1.51) 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 analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned ($0.91) earnings per share.

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.