Public Employees Retirement System of Ohio Has $466,000 Stake in Tutor Perini Co. (NYSE:TPC)

Public Employees Retirement System of Ohio increased its holdings in shares of Tutor Perini Co. (NYSE:TPC) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,544 shares of the construction company’s stock after purchasing an additional 6,135 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Tutor Perini worth $466,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Tutor Perini by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,247,947 shares of the construction company’s stock worth $17,601,000 after purchasing an additional 38,910 shares during the last quarter. American Century Companies Inc. boosted its holdings in Tutor Perini by 1.1% during the third quarter. American Century Companies Inc. now owns 469,522 shares of the construction company’s stock worth $3,676,000 after purchasing an additional 5,314 shares during the last quarter. Deutsche Bank AG raised its position in Tutor Perini by 23.0% during the third quarter. Deutsche Bank AG now owns 25,626 shares of the construction company’s stock worth $201,000 after acquiring an additional 4,793 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Tutor Perini by 25.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 420,821 shares of the construction company’s stock worth $3,295,000 after acquiring an additional 86,141 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Tutor Perini by 20.3% during the third quarter. GSA Capital Partners LLP now owns 148,079 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 25,033 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

Insider Activity

In related news, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now directly owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Gary G. Smalley sold 27,958 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.86, for a total transaction of $359,539.88. Following the transaction, the president now directly owns 112,245 shares of the company’s stock, valued at $1,443,470.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Gary G. Smalley sold 15,940 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $13.28, for a total transaction of $211,683.20. Following the transaction, the president now directly owns 68,346 shares in the company, valued at $907,634.88. The disclosure for this sale can be found here. Insiders have sold 64,201 shares of company stock valued at $822,980 over the last ninety days. 20.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tutor Perini from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd.

Tutor Perini Stock Performance

NYSE TPC opened at $14.34 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $8.90. Tutor Perini Co. has a 1 year low of $4.90 and a 1 year high of $14.37. The firm has a market capitalization of $746.11 million, a P/E ratio of -4.36 and a beta of 1.59.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.98). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.50 million. Tutor Perini had a negative net margin of 4.41% and a negative return on equity of 12.73%. As a group, research analysts anticipate that Tutor Perini Co. will post 0.92 EPS for the current year.

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.