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

Los Angeles Capital Management LLC lessened its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 17.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,651 shares of the construction company’s stock after selling 9,960 shares during the period. Los Angeles Capital Management LLC’s holdings in Tutor Perini were worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TPC. Plato Investment Management Ltd acquired a new position in shares of Tutor Perini in the 3rd quarter valued at $52,000. FMR LLC boosted its stake in Tutor Perini by 103.1% during the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock worth $128,000 after purchasing an additional 2,399 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Tutor Perini during the 3rd quarter worth $201,000. EP Wealth Advisors LLC acquired a new stake in Tutor Perini during the 3rd quarter worth $234,000. Finally, Intech Investment Management LLC acquired a new stake in Tutor Perini during the 3rd quarter worth $339,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Stock Up 34.6 %

Shares of Tutor Perini stock opened at $29.44 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of -11.73 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Tutor Perini Co. has a one year low of $10.32 and a one year high of $34.55. The firm has a fifty day moving average of $23.95 and a two-hundred day moving average of $25.26.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. During the same quarter in the previous year, the company posted ($0.91) EPS.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley increased their price target on shares of Tutor Perini from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Vertical Research began coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price objective on the 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.