Boston Partners Raises Position in Tutor Perini Corp (TPC)

Boston Partners grew its holdings in Tutor Perini Corp (NYSE:TPC) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,466,012 shares of the construction company’s stock after buying an additional 177,580 shares during the period. Boston Partners owned 4.95% of Tutor Perini worth $62,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in Tutor Perini by 0.8% during the 2nd quarter. Teachers Advisors LLC now owns 67,275 shares of the construction company’s stock worth $1,934,000 after purchasing an additional 511 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Tutor Perini by 8.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 146,439 shares of the construction company’s stock worth $4,210,000 after purchasing an additional 11,708 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Tutor Perini by 86.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 162,956 shares of the construction company’s stock worth $4,682,000 after purchasing an additional 75,407 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Tutor Perini by 15.8% during the 2nd quarter. Nationwide Fund Advisors now owns 125,393 shares of the construction company’s stock worth $3,605,000 after purchasing an additional 17,091 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Tutor Perini by 4.6% during the 2nd quarter. New York State Common Retirement Fund now owns 300,109 shares of the construction company’s stock worth $8,628,000 after purchasing an additional 13,195 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

A number of equities analysts have commented on TPC shares. Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Saturday, January 20th. B. Riley lowered their price objective on Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 14th. lowered their price objective on Tutor Perini from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Canaccord Genuity lowered their price objective on Tutor Perini from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Finally, ValuEngine lowered Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.60.

In other news, Director Dale Ann Reiss sold 4,829 shares of Tutor Perini stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.28, for a total value of $131,735.12. Following the transaction, the director now owns 20,625 shares in the company, valued at approximately $562,650. 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 Tutor Perini stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $25.17, for a total value of $629,250.00. Following the completion of the transaction, the insider now owns 5,823,120 shares in the company, valued at approximately $146,567,930.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,829 shares of company stock worth $1,400,985. Corporate insiders own 24.50% of the company’s stock.

Shares of Tutor Perini Corp (TPC) traded up $0.25 on Tuesday, hitting $21.85. The stock had a trading volume of 110,142 shares, compared to its average volume of 486,682. Tutor Perini Corp has a one year low of $21.15 and a one year high of $32.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $1,115.09, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.84 and a beta of 2.13.

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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.

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

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