Emerald Advisers Inc. PA boosted its stake in shares of Tutor Perini Corp. (NYSE:TPC) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 854,984 shares of the company’s stock after buying an additional 56,660 shares during the period. Tutor Perini Corp. makes up about 1.0% of Emerald Advisers Inc. PA’s investment portfolio, making the stock its 28th largest position. Emerald Advisers Inc. PA owned 1.74% of Tutor Perini Corp. worth $20,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. boosted its stake in shares of Tutor Perini Corp. by 43.7% in the first quarter. Icon Advisers Inc. Co. now owns 32,900 shares of the company’s stock valued at $511,000 after buying an additional 10,000 shares during the period. Prudential Financial Inc. bought a new stake in shares of Tutor Perini Corp. during the first quarter valued at about $740,000. BlackRock Inc. boosted its stake in shares of Tutor Perini Corp. by 9.0% in the first quarter. BlackRock Inc. now owns 12,899 shares of the company’s stock valued at $200,000 after buying an additional 1,064 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Tutor Perini Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 985,170 shares of the company’s stock valued at $15,310,000 after buying an additional 16,868 shares during the period. Finally, UBS Group AG boosted its stake in shares of Tutor Perini Corp. by 4.8% in the first quarter. UBS Group AG now owns 251,868 shares of the company’s stock valued at $3,914,000 after buying an additional 11,513 shares during the period. 82.48% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Tutor Perini Corp. (NYSE:TPC)

Tutor Perini Corp. (NYSE:TPC) traded down 2.60% during midday trading on Tuesday, reaching $21.34. The company’s stock had a trading volume of 520,182 shares. The company has a market cap of $1.05 billion, a PE ratio of 16.29 and a beta of 2.48. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $21.02. Tutor Perini Corp. has a 12 month low of $10.16 and a 12 month high of $25.98.

Tutor Perini Corp. (NYSE:TPC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.08. Tutor Perini Corp. had a return on equity of 5.49% and a net margin of 1.32%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $0.41 EPS. Tutor Perini Corp.’s quarterly revenue was down .3% compared to the same quarter last year. Analysts expect that Tutor Perini Corp. will post $2.04 earnings per share for the current fiscal year.

Several brokerages recently issued reports on TPC. Canaccord Genuity reiterated a “buy” rating on shares of Tutor Perini Corp. in a research note on Sunday, July 17th. TheStreet cut Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut Tutor Perini Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. FBR & Co reiterated an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of Tutor Perini Corp. in a research note on Thursday, June 30th. Finally, MKM Partners upgraded Tutor Perini Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $28.00 in a research note on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.29.

Tutor Perini Corp. Company Profile

Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.

5 Day Chart for NYSE:TPC

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