First Wilshire Securities Management Inc. Reduces Stock Holdings in Tutor Perini Co. (NYSE:TPC)

First Wilshire Securities Management Inc. lessened its stake in shares of Tutor Perini Co. (NYSE:TPC) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,901 shares of the construction company’s stock after selling 1,426 shares during the quarter. Tutor Perini comprises about 1.7% of First Wilshire Securities Management Inc.’s holdings, making the stock its 20th biggest holding. First Wilshire Securities Management Inc. owned 0.50% of Tutor Perini worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TPC. Intech Investment Management LLC purchased a new stake in shares of Tutor Perini in the 3rd quarter valued at about $339,000. The Manufacturers Life Insurance Company increased its position in Tutor Perini by 35.3% during the third quarter. The Manufacturers Life Insurance Company now owns 22,827 shares of the construction company’s stock worth $620,000 after buying an additional 5,953 shares during the period. Quantbot Technologies LP lifted its stake in Tutor Perini by 88.9% in the third quarter. Quantbot Technologies LP now owns 20,597 shares of the construction company’s stock valued at $559,000 after buying an additional 9,691 shares during the last quarter. FMR LLC boosted its holdings in shares of Tutor Perini by 103.1% in the third quarter. FMR LLC now owns 4,725 shares of the construction company’s stock valued at $128,000 after acquiring an additional 2,399 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tutor Perini by 7.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,331 shares of the construction company’s stock worth $1,639,000 after acquiring an additional 4,070 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Tutor Perini Price Performance

Tutor Perini stock opened at $23.27 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $25.71. Tutor Perini Co. has a 12 month low of $13.15 and a 12 month high of $34.55. The stock has a market capitalization of $1.22 billion, a PE ratio of -9.27 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on TPC shares. B. Riley upgraded shares of Tutor Perini to a “strong-buy” rating in a research report on Tuesday, March 18th. Vertical Research began coverage on shares of Tutor Perini in a report on Tuesday, December 10th. They issued a “buy” rating and a $38.00 target price for the company. Finally, StockNews.com downgraded shares of Tutor Perini from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Tutor Perini Company Profile

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.