Tutor Perini Corporation (TPC) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its position in Tutor Perini Corporation (NYSE:TPC) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,480 shares of the construction company’s stock after buying an additional 8,011 shares during the period. First Trust Advisors LP owned about 0.51% of Tutor Perini Corporation worth $7,288,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TPC. Boston Partners raised its stake in shares of Tutor Perini Corporation by 35.2% in the first quarter. Boston Partners now owns 1,514,145 shares of the construction company’s stock worth $48,150,000 after buying an additional 394,148 shares during the last quarter. Cortina Asset Management LLC raised its stake in shares of Tutor Perini Corporation by 152.4% in the first quarter. Cortina Asset Management LLC now owns 609,291 shares of the construction company’s stock worth $19,375,000 after buying an additional 367,904 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Tutor Perini Corporation by 3,626.1% in the first quarter. Daiwa Securities Group Inc. now owns 257,100 shares of the construction company’s stock worth $8,176,000 after buying an additional 250,200 shares during the last quarter. Opus Capital Group LLC acquired a new stake in shares of Tutor Perini Corporation during the first quarter worth $7,619,000. Finally, Vanguard Group Inc. raised its stake in shares of Tutor Perini Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,236,399 shares of the construction company’s stock worth $102,918,000 after buying an additional 229,127 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.
Tutor Perini Corporation (NYSE TPC) opened at 24.85 on Tuesday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 12.22 and a beta of 2.42. The firm has a 50-day moving average price of $26.82 and a 200-day moving average price of $28.48. Tutor Perini Corporation has a one year low of $18.05 and a one year high of $33.00.
Tutor Perini Corporation (NYSE:TPC) last posted its earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.42 billion. Tutor Perini Corporation had a return on equity of 6.60% and a net margin of 2.08%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Equities analysts anticipate that Tutor Perini Corporation will post $2.26 earnings per share for the current year.
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TPC has been the topic of a number of research analyst reports. BidaskClub lowered Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Tutor Perini Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Canaccord Genuity reaffirmed a “buy” rating on shares of Tutor Perini Corporation in a report on Friday, June 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tutor Perini Corporation in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Tutor Perini Corporation presently has an average rating of “Hold” and a consensus target price of $31.29.
Tutor Perini Corporation Company Profile
Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.
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