Tutor Perini Co. (NYSE:TPC) Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. lessened its stake in Tutor Perini Co. (NYSE:TPC) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 263,901 shares of the construction company’s stock after selling 1,426 shares during the quarter. Tutor Perini accounts for 1.7% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 20th largest position. First Wilshire Securities Management Inc.’s holdings in Tutor Perini were worth $6,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPC. Geode Capital Management LLC boosted its position in Tutor Perini by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,023,198 shares of the construction company’s stock worth $27,795,000 after purchasing an additional 38,458 shares in the last quarter. State Street Corp raised its stake in shares of Tutor Perini by 2.0% during the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company’s stock worth $26,483,000 after buying an additional 19,518 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Tutor Perini by 129.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 783,396 shares of the construction company’s stock worth $21,277,000 after buying an additional 441,858 shares in the last quarter. Hennessy Advisors Inc. grew its stake in Tutor Perini by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 682,981 shares of the construction company’s stock valued at $16,528,000 after acquiring an additional 43,600 shares during the last quarter. Finally, Boston Partners grew its stake in Tutor Perini by 1,801.4% in the 4th quarter. Boston Partners now owns 605,450 shares of the construction company’s stock valued at $14,666,000 after acquiring an additional 573,608 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the topic of several recent research reports. B. Riley raised shares of Tutor Perini to a “strong-buy” rating in a 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 cut Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Price Performance

Tutor Perini stock 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 company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $1.22 billion, a P/E ratio of -9.27 and a beta of 1.73. Tutor Perini Co. has a 12-month low of $13.15 and a 12-month high of $34.55.

Tutor Perini (NYSE:TPC) last announced its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share (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 analyst estimates 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 last year, the business posted ($0.91) EPS.

About Tutor Perini

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.