IndexIQ Advisors LLC grew its stake in shares of Tutor Perini Corporation (NYSE:TPC) by 83.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,257 shares of the company’s stock after acquiring an additional 12,376 shares during the quarter. IndexIQ Advisors LLC owned about 0.05% of Tutor Perini Corporation worth $774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Equity Partners LLC increased its holdings in shares of Tutor Perini Corporation by 4.8% during the third quarter. Chicago Equity Partners LLC now owns 64,770 shares of the company’s stock valued at $1,839,000 after acquiring an additional 2,960 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Tutor Perini Corporation by 3.3% during the third quarter. Foundry Partners LLC now owns 427,101 shares of the company’s stock valued at $12,130,000 after acquiring an additional 13,580 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Tutor Perini Corporation by 2.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 746,521 shares of the company’s stock valued at $21,201,000 after acquiring an additional 19,640 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Tutor Perini Corporation during the third quarter valued at about $688,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Tutor Perini Corporation by 119.4% during the third quarter. Victory Capital Management Inc. now owns 6,877 shares of the company’s stock valued at $195,000 after acquiring an additional 3,743 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities downgraded shares of Tutor Perini Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $31.00 in a report on Wednesday, October 11th. BidaskClub downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. B. Riley restated a “buy” rating on shares of Tutor Perini Corporation in a report on Wednesday, November 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $35.00 price objective on shares of Tutor Perini Corporation in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Tutor Perini Corporation has a consensus rating of “Buy” and a consensus price target of C$33.17.

Tutor Perini Corporation (NYSE TPC) opened at C$24.20 on Monday. Tutor Perini Corporation has a fifty-two week low of C$22.60 and a fifty-two week high of C$33.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $1,200.00, a P/E ratio of 12.54, a P/E/G ratio of 1.33 and a beta of 2.39.

Tutor Perini Corporation (NYSE:TPC) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.69 by C($0.22). Tutor Perini Corporation had a return on equity of 6.22% and a net margin of 2.03%. The business had revenue of C$1.20 billion during the quarter, compared to analyst estimates of C$1.54 billion. During the same quarter last year, the company posted $0.57 EPS. Tutor Perini Corporation’s quarterly revenue was down 10.0% compared to the same quarter last year. analysts expect that Tutor Perini Corporation will post 1.83 earnings per share for the current year.

In related news, CEO Ronald N. Tutor sold 3,617 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of C$26.02, for a total value of C$94,114.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of C$26.11, for a total transaction of C$652,750.00. Following the completion of the transaction, the insider now owns 5,923,120 shares in the company, valued at approximately C$154,652,663.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,000 shares of company stock worth $4,566,711. 24.50% of the stock is owned by corporate insiders.

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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.

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

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