Emerald Mutual Fund Advisers Trust boosted its position in shares of Tutor Perini Corp. (NYSE:TPC) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 841,183 shares of the company’s stock after buying an additional 32,840 shares during the period. Tutor Perini Corp. accounts for approximately 1.1% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 22nd largest position. Emerald Mutual Fund Advisers Trust owned approximately 1.71% of Tutor Perini Corp. worth $19,810,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in TPC. American Century Companies Inc. boosted its position in shares of Tutor Perini Corp. by 5.1% in the second quarter. American Century Companies Inc. now owns 81,841 shares of the company’s stock worth $1,927,000 after buying an additional 3,947 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Tutor Perini Corp. during the second quarter worth $8,597,000. Meeder Asset Management Inc. purchased a new position in shares of Tutor Perini Corp. during the second quarter worth $289,000. Acadian Asset Management LLC purchased a new position in shares of Tutor Perini Corp. during the second quarter worth $534,000. Finally, Nordea Investment Management AB boosted its position in shares of Tutor Perini Corp. by 24.2% in the second quarter. Nordea Investment Management AB now owns 104,100 shares of the company’s stock worth $2,452,000 after buying an additional 20,300 shares in the last quarter. 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 2.46% during trading on Tuesday, hitting $21.37. The stock had a trading volume of 530,933 shares. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 16.31 and a beta of 2.48. Tutor Perini Corp. has a 12 month low of $10.16 and a 12 month high of $25.98. 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. (NYSE:TPC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.08. Tutor Perini Corp. had a net margin of 1.32% and a return on equity of 5.49%. 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 previous year, the company posted $0.41 earnings per share. Tutor Perini Corp.’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Tutor Perini Corp. will post $2.04 EPS for the current year.

A number of equities analysts have commented on TPC shares. Standpoint Research raised Tutor Perini Corp. from a “hold” rating to a “buy” rating in a research note on Monday. MKM Partners raised Tutor Perini Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $28.00 in a research note on Wednesday, August 24th. Zacks Investment Research cut Tutor Perini Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. TheStreet cut Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 price target on shares of Tutor Perini Corp. in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Tutor Perini Corp. has an average rating of “Buy” and a consensus price target of $24.29.

About Tutor Perini Corp.

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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