MetLife Investment Advisors LLC Lowers Stake in Tutor Perini Corp (TPC)

MetLife Investment Advisors LLC cut its holdings in shares of Tutor Perini Corp (NYSE:TPC) by 33.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,192 shares of the construction company’s stock after selling 9,618 shares during the period. MetLife Investment Advisors LLC’s holdings in Tutor Perini were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frontier Capital Management Co. LLC grew its position in Tutor Perini by 14.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 4,775,719 shares of the construction company’s stock valued at $76,268,000 after buying an additional 618,081 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Tutor Perini by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after purchasing an additional 65,931 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tutor Perini by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,536,522 shares of the construction company’s stock worth $66,488,000 after purchasing an additional 65,931 shares in the last quarter. BlackRock Inc. boosted its position in shares of Tutor Perini by 7.4% during the 4th quarter. BlackRock Inc. now owns 2,753,232 shares of the construction company’s stock worth $43,972,000 after purchasing an additional 188,564 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Tutor Perini by 191.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,751,728 shares of the construction company’s stock worth $27,975,000 after purchasing an additional 1,151,076 shares in the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Tutor Perini from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, March 27th. ValuEngine lowered shares of Tutor Perini from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 30th. TheStreet upgraded shares of Tutor Perini from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. MKM Partners set a $27.00 target price on shares of Tutor Perini and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, KeyCorp set a $24.00 target price on shares of Tutor Perini and gave the stock a “buy” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.17.

Shares of NYSE TPC opened at $19.54 on Wednesday. The firm has a market cap of $953.90 million, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.90 and a beta of 1.87. Tutor Perini Corp has a one year low of $14.66 and a one year high of $22.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.17. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.37 billion. Tutor Perini had a return on equity of 5.56% and a net margin of 1.87%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Analysts forecast that Tutor Perini Corp will post 2.12 EPS for the current year.

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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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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

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