Boston Partners Purchases 573,608 Shares of Tutor Perini Co. (NYSE:TPC)

Boston Partners raised its position in Tutor Perini Co. (NYSE:TPC) by 1,801.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 605,450 shares of the construction company’s stock after purchasing an additional 573,608 shares during the quarter. Boston Partners’ holdings in Tutor Perini were worth $14,666,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TPC. FMR LLC raised its holdings in Tutor Perini by 103.1% in the 3rd quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after buying an additional 2,399 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Tutor Perini during the third quarter valued at $201,000. EP Wealth Advisors LLC bought a new position in shares of Tutor Perini during the third quarter valued at $234,000. Commonwealth Equity Services LLC lifted its holdings in shares of Tutor Perini by 7.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,291 shares of the construction company’s stock worth $249,000 after purchasing an additional 700 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Tutor Perini in the third quarter worth $339,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Tutor Perini Stock Performance

Shares of Tutor Perini stock opened at $25.57 on Friday. The business has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $25.58. Tutor Perini Co. has a 1-year low of $13.15 and a 1-year high of $34.55. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.34 billion, a P/E ratio of -10.19 and a beta of 1.73.

Tutor Perini (NYSE:TPC) last issued its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($1.80). Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted ($0.91) earnings per share.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TPC shares. Vertical Research assumed coverage on Tutor Perini in a research report on Tuesday, December 10th. They set a “buy” rating and a $38.00 target price for the company. B. Riley raised Tutor Perini to a “strong-buy” rating in a research note on Tuesday. Finally, StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.