Tutor Perini Co. (NYSE:TPC) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC reduced its holdings in Tutor Perini Co. (NYSE:TPC) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 153,650 shares of the construction company’s stock after selling 6,809 shares during the period. Brandywine Global Investment Management LLC’s holdings in Tutor Perini were worth $3,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Tutor Perini by 298.0% during the 3rd quarter. Barclays PLC now owns 69,875 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 52,319 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Tutor Perini by 611.0% during the third quarter. JPMorgan Chase & Co. now owns 536,384 shares of the construction company’s stock worth $14,568,000 after purchasing an additional 460,945 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $27,795,000 after purchasing an additional 38,458 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Tutor Perini by 67.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 93,202 shares of the construction company’s stock valued at $2,255,000 after purchasing an additional 37,478 shares during the period. Finally, State Street Corp increased its stake in Tutor Perini by 2.0% in the 3rd quarter. State Street Corp now owns 975,082 shares of the construction company’s stock worth $26,483,000 after purchasing an additional 19,518 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

Tutor Perini Trading Up 0.4 %

NYSE:TPC opened at $23.27 on Wednesday. The stock has a market cap of $1.22 billion, a PE ratio of -9.27 and a beta of 1.73. Tutor Perini Co. has a fifty-two week low of $13.15 and a fifty-two week high of $34.55. 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’s 50-day moving average is $24.28 and its two-hundred day moving average is $25.71.

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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same period in the previous year, the firm posted ($0.91) earnings per share.

Analysts Set New Price Targets

A number of research firms have commented on TPC. StockNews.com lowered shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Vertical Research started coverage on shares of Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 price objective on the stock.

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.