Boston Partners Has $14.67 Million Stake in Tutor Perini Co. (NYSE:TPC)

Boston Partners grew its position in Tutor Perini Co. (NYSE:TPC) by 1,801.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,450 shares of the construction company’s stock after acquiring an additional 573,608 shares during the period. Boston Partners owned about 1.15% of Tutor Perini worth $14,666,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Tutor Perini by 40,975.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 140,477 shares of the construction company’s stock worth $3,400,000 after acquiring an additional 140,135 shares during the period. Empowered Funds LLC increased its holdings in shares of Tutor Perini by 5.1% during the 4th quarter. Empowered Funds LLC now owns 282,247 shares of the construction company’s stock worth $6,830,000 after acquiring an additional 13,726 shares during the last quarter. Hennessy Advisors Inc. raised 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 period. Finally, Assenagon Asset Management S.A. lifted its holdings in Tutor Perini by 67.3% during 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 last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TPC. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a report on Tuesday. Vertical Research initiated coverage on shares of Tutor Perini in a research note on Tuesday, December 10th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, StockNews.com cut shares of Tutor Perini from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Tutor Perini Stock Down 0.6 %

TPC stock opened at $25.57 on Friday. The business’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $25.58. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -10.19 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.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned ($0.91) EPS.

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.