Russell Investments Group Ltd. grew its position in shares of Tutor Perini Corporation (NYSE:TPC) by 17.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 489,862 shares of the construction company’s stock after acquiring an additional 72,277 shares during the quarter. Russell Investments Group Ltd. owned about 0.98% of Tutor Perini worth $13,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in TPC. Dimensional Fund Advisors LP lifted its holdings in Tutor Perini by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,173,742 shares of the construction company’s stock worth $119,994,000 after purchasing an additional 16,874 shares during the period. Boston Partners lifted its holdings in Tutor Perini by 33.2% in the third quarter. Boston Partners now owns 2,288,432 shares of the construction company’s stock worth $64,992,000 after purchasing an additional 570,799 shares during the period. LSV Asset Management lifted its holdings in Tutor Perini by 14.4% in the second quarter. LSV Asset Management now owns 1,964,456 shares of the construction company’s stock worth $56,478,000 after purchasing an additional 247,500 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Tutor Perini by 7.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,952,211 shares of the construction company’s stock worth $56,126,000 after purchasing an additional 138,699 shares during the period. Finally, Towle & Co. lifted its holdings in Tutor Perini by 4.0% in the third quarter. Towle & Co. now owns 913,610 shares of the construction company’s stock worth $25,947,000 after purchasing an additional 35,135 shares during the period. 81.96% of the stock is owned by institutional investors.

Shares of Tutor Perini Corporation (NYSE:TPC) traded down $0.10 during trading on Friday, reaching $25.10. 337,868 shares of the company’s stock traded hands, compared to its average volume of 523,530. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.52. Tutor Perini Corporation has a 12-month low of $22.60 and a 12-month high of $33.00. The company has a market capitalization of $1,254.48, a PE ratio of 13.06, a PEG ratio of 1.38 and a beta of 2.37.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.22). Tutor Perini had a return on equity of 6.16% and a net margin of 2.03%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $0.57 earnings per share. Tutor Perini’s revenue was down 10.0% compared to the same quarter last year. equities research analysts anticipate that Tutor Perini Corporation will post 1.83 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Tutor Perini from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities downgraded shares of Tutor Perini from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $40.00 to $31.00 in a report on Wednesday, October 11th. B. Riley reaffirmed a “buy” rating on shares of Tutor Perini in a report on Wednesday, November 1st. ValuEngine upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price target on shares of Tutor Perini in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Tutor Perini currently has an average rating of “Buy” and a consensus target price of $33.63.

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

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About Tutor Perini

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

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