John G Ullman & Associates Inc. Buys Shares of 5,000 Tutor Perini Corporation $TPC

John G Ullman & Associates Inc. bought a new stake in shares of Tutor Perini Corporation (NYSE:TPC) during the 2nd quarter, HoldingsChannel reports. The firm bought 5,000 shares of the construction company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the business. Donald Smith & CO. Inc. boosted its stake in Tutor Perini by 16.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 4,031,220 shares of the construction company’s stock valued at $93,444,000 after purchasing an additional 580,963 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Tutor Perini by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 2,829,370 shares of the construction company’s stock worth $65,585,000 after buying an additional 130,747 shares during the last quarter. Boston Partners boosted its stake in shares of Tutor Perini by 53.3% in the 1st quarter. Boston Partners now owns 928,264 shares of the construction company’s stock worth $21,509,000 after buying an additional 322,814 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Tutor Perini by 34.4% in the 1st quarter. Invesco Ltd. now owns 777,417 shares of the construction company’s stock worth $18,021,000 after buying an additional 198,830 shares during the last quarter. Finally, Brightline Capital Management LLC boosted its stake in shares of Tutor Perini by 24.7% in the 1st quarter. Brightline Capital Management LLC now owns 702,000 shares of the construction company’s stock worth $16,272,000 after buying an additional 139,000 shares during the last quarter. 65.01% of the stock is currently owned by hedge funds and other institutional investors.

Tutor Perini Price Performance

NYSE TPC opened at $64.28 on Friday. The company has a market capitalization of $3.39 billion, a PE ratio of -25.51 and a beta of 1.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.32 and a current ratio of 1.32. The business’s fifty day moving average is $61.53 and its 200 day moving average is $45.09. Tutor Perini Corporation has a fifty-two week low of $18.33 and a fifty-two week high of $68.09.

Tutor Perini (NYSE:TPC) last released its earnings results on Wednesday, August 6th. The construction company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.12. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.27 billion. Tutor Perini had a negative return on equity of 6.41% and a negative net margin of 2.77%.Tutor Perini’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TPC. Zacks Research downgraded Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Tutor Perini in a research note on Wednesday, October 8th. UBS Group raised their price target on Tutor Perini from $59.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. B. Riley raised their price target on Tutor Perini from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Tutor Perini from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.00.

Insider Transactions at Tutor Perini

In other Tutor Perini news, Director Sidney J. Feltenstein sold 124,668 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $65.96, for a total transaction of $8,223,101.28. Following the sale, the director directly owned 187,274 shares of the company’s stock, valued at $12,352,593.04. This trade represents a 39.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ronald N. Tutor sold 83,144 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.94, for a total value of $5,399,371.36. Following the sale, the chairman directly owned 4,062,985 shares in the company, valued at approximately $263,850,245.90. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 725,000 shares of company stock worth $44,824,931. Insiders own 17.30% of the company’s stock.

Tutor Perini 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.