Levin Capital Strategies L.P. Sells 18,000 Shares of Tutor Perini Corporation $TPC

Levin Capital Strategies L.P. lowered its position in Tutor Perini Corporation (NYSE:TPC) by 78.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the construction company’s stock after selling 18,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Tutor Perini were worth $328,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System raised its stake in Tutor Perini by 1.4% during the third quarter. Arizona State Retirement System now owns 13,256 shares of the construction company’s stock worth $869,000 after buying an additional 182 shares during the last quarter. Savant Capital LLC grew its holdings in Tutor Perini by 6.0% during the 3rd quarter. Savant Capital LLC now owns 6,081 shares of the construction company’s stock worth $399,000 after acquiring an additional 342 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Tutor Perini by 968.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock worth $31,000 after acquiring an additional 426 shares in the last quarter. Comerica Bank lifted its stake in shares of Tutor Perini by 30.7% in the 1st quarter. Comerica Bank now owns 2,423 shares of the construction company’s stock valued at $56,000 after purchasing an additional 569 shares during the period. Finally, Lesa Sroufe & Co boosted its position in shares of Tutor Perini by 0.9% during the 3rd quarter. Lesa Sroufe & Co now owns 71,171 shares of the construction company’s stock valued at $4,668,000 after purchasing an additional 636 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Price Performance

Shares of NYSE:TPC opened at $81.27 on Thursday. Tutor Perini Corporation has a twelve month low of $18.33 and a twelve month high of $89.40. The stock’s 50 day moving average is $74.64 and its 200-day moving average is $66.79. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -153.34 and a beta of 2.21.

Insiders Place Their Bets

In other Tutor Perini news, Director Peter Arkley acquired 24,853 shares of the stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $63.96 per share, for a total transaction of $1,589,597.88. Following the completion of the acquisition, the director owned 176,570 shares in the company, valued at approximately $11,293,417.20. This represents a 16.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.30% of the company’s stock.

Analyst Upgrades and Downgrades

TPC has been the subject of a number of research analyst reports. Wall Street Zen downgraded Tutor Perini from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. B. Riley Financial reaffirmed a “buy” rating on shares of Tutor Perini in a research report on Thursday, November 6th. UBS Group lifted their price objective on shares of Tutor Perini from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.