D.A. Davidson & CO. Purchases 55,520 Shares of Tutor Perini Corp (TPC)

D.A. Davidson & CO. raised its position in Tutor Perini Corp (NYSE:TPC) by 106.6% during the fourth quarter, HoldingsChannel reports. The firm owned 107,603 shares of the construction company’s stock after buying an additional 55,520 shares during the quarter. D.A. Davidson & CO.’s holdings in Tutor Perini were worth $2,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP grew its stake in Tutor Perini by 9.7% in the fourth quarter. First Trust Advisors LP now owns 277,131 shares of the construction company’s stock valued at $7,025,000 after purchasing an additional 24,504 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in Tutor Perini in the fourth quarter valued at about $411,000. Swiss National Bank grew its stake in Tutor Perini by 8.2% in the fourth quarter. Swiss National Bank now owns 70,200 shares of the construction company’s stock valued at $1,780,000 after purchasing an additional 5,300 shares in the last quarter. California Public Employees Retirement System grew its stake in Tutor Perini by 17.7% in the fourth quarter. California Public Employees Retirement System now owns 101,674 shares of the construction company’s stock valued at $2,577,000 after purchasing an additional 15,313 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Tutor Perini in the fourth quarter valued at about $341,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

In related news, major shareholder N. Tutor Separate Prope Ronald sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.60, for a total transaction of $640,000.00. Following the completion of the sale, the insider now owns 5,798,120 shares in the company, valued at approximately $148,431,872. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dale Ann Reiss sold 4,829 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.28, for a total value of $131,735.12. Following the sale, the director now owns 20,625 shares of the company’s stock, valued at approximately $562,650. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,829 shares of company stock valued at $1,400,985. 24.50% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on the company. B. Riley restated a “buy” rating on shares of Tutor Perini in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Tutor Perini from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, February 14th. ValuEngine downgraded Tutor Perini from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Canaccord Genuity decreased their price target on Tutor Perini from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Finally, decreased their price target on Tutor Perini from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.40.

Shares of Tutor Perini Corp (NYSE TPC) opened at $22.55 on Monday. The stock has a market capitalization of $1,122.56, a PE ratio of 11.68, a PEG ratio of 0.84 and a beta of 2.13. Tutor Perini Corp has a 52 week low of $21.15 and a 52 week 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.

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Tutor Perini Company Profile

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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